Singapore’s jobless rate jumps in second quarter, nearing financial crisis peak – Reuters

FILE PHOTO: People walk at the central business district, amid the coronavirus disease (COVID-19) outbreak, in Singapore July 14, 2020. REUTERS/Edgar SuSINGAPORE (Reuters) – Singapore’s jobless rate rose sharply in the second quarter to a new decade-high of 2.9%, provisional data showed on Wednesday, as the COVID-19 pandemic saw employment shrink in the services and…

Singapore’s jobless rate jumps in second quarter, nearing financial crisis peak – Reuters

FILE PHOTO: People walk at the central business district, amid the coronavirus disease (COVID-19) outbreak, in Singapore July 14, 2020. REUTERS/Edgar SuSINGAPORE (Reuters) – Singapore’s jobless rate rose sharply in the second quarter to a new decade-high of 2.9%, provisional data showed on Wednesday, as the COVID-19 pandemic saw employment shrink in the services and construction sector. The overall unemployment rate climbed
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