Singapore’s unemployment rate surpasses financial crisis peak
- 07 Oct 2020
Workers wipe down doors at a train station during the COVID-19 outbreak in Singapore.
Singapore’s overall unemployment rate rose to 3.4% in August, official data showed, the highest since the middle of 2004 as businesses shed jobs due to the coronavirus pandemic.
The rate nudged above a 3.3% peak hit during the global financial crisis in September 2009, the data showed.
READ MORE
Singapore to make travellers wear electronic tags to enforce quarantine
Singapore's core inflation gauge hits record low in over a decade
Singapore cuts growth outlook as trade war bites
The city-state last month began releasing jobless data on a monthly basis, on top of quarterly numbers which hit a decade high in the second quarter of this year. Provisional third quarter data is due later this month.
Reuters