Singapore’s seasonally adjusted unemployment rate rose sharply to 3.6 percent in the September quarter of 2020 from 2.8 percent in the previous period, a preliminary estimate showed. (October 15, 2020). "Singapore: Unemployment Rate from 1999 to 2020. In addition, there were a total of 90,500 unemployed citizens and residents in June 2020. The Ministry of Manpower said the uncertainty in the economy and weak demand conditions will weigh on the recovery of the labor market. Please authenticate by going to "My account" → "Administration". Some 9,120 workers were laid off in Q3, compared with 8,130 in Q2; while the number of job vacancies rose for the first time this year. Singapore’s seasonally adjusted unemployment rate jumped to 3.6 percent in the third quarter of 2020 from 2.8 percent in the previous period and in line with the preliminary estimate. Register in seconds and access exclusive features. Overview and forecasts on trending topics, Key figures and rankings about brands and companies, Consumer insights and preferences in various industries, Detailed information about political and social topics, All key figures about regions and countries, Everything you need to know about Consumer Goods, Identify market potentials of the digital future, Technology Market Outlook Overall, retrenchments doubled from the previous quarter, while unemployment rates continued to rise in June 2020, and total employment contracted 'far more acutely'. Quick Analysis with our professional Research Service: Content Marketing & Information Design for your projects: Figures have been rounded. Total employment decreased by 26,900, much lower than the previous quarter (-103,800), with both manufacturing and construction sectors falling, while the services sector picking up, mainly in community, social & personal services, and food & beverage services. The seasonally adjusted unemployment in Singapore was revised slightly lower to 2.8 percent in the second quarter of 2020, compared to a flash estimate of 2.9 percent and remaining at the highest level since the third quarter of 2009. Among Singapore citizens, the unemployment rate rose from 3.3 to … Please log in to access our additional functions, *Duration: 12 months, billed annually, single license, The ideal entry-level account for individual users. COVID-19 deaths worldwide as of January 8, 2021, by country, COVID-19 cases worldwide as of January 8, 2021, by country, Coronavirus (COVID-19) cases, recoveries, and deaths worldwide as of Jan. 8, 2021, Cumulative cases of COVID-19 worldwide from Jan. 22, 2020 to Jan. 7, 2021, by day. All figures are modeled ILO estimates. This was the highest jobless rate since the June quarter of 2004, as the COVID-19 crisis took a huge toll on the economy. MOM released its latest jobs situation report today which showed that […] It was reported that approximately 841 thousand people who were … Summary Table: Unemployment Persons are counted as unemployed, if they are not working, but are actively looking and available for work. Please do not hesitate to contact me. The jobless rate increased for both residents (3.9 percent vs 3.2 percent in Q1) and citizens (4 percent vs 3.5 percent). and over 1 Mio. Youth unemployment refers to the share of the labor force ages 15-24 without work but available for and seeking employment. Find Out . This was the highest jobless rate since the June quarter of 2004, as the COVID-19 crisis took a huge toll on the economy. The overall unemployment rate in Singapore has increased to 3.4 per cent in August, surpassing the high of 3.3 per cent recorded during the global financial crisis in September 2009, according to the report by the Ministry of Manpower (MOM) on Wednesday (7 Oct). This was the highest jobless rate since the June quarter of 2004, as the COVID-19 crisis took a huge toll on the economy. The overall unemployment rate in Singapore rose to a decade high of 2.4% in Q1 2020 as total employment, excluding foreign domestic workers, shrank by 25,600 in the first quarter, the largest quarterly contraction on record. SINGAPORE: Singapore’s unemployment rate in November fell for the first time in 2020, a sign that the worst could be over for the labour market amid the COVID-19 pandemic. Amongst residents, unemployment rate could likewise expand to 4.2% by year-end, from 3.2% in the previous year. Are you interested in testing our corporate solutions? You only have access to basic statistics. This was the highest jobless rate since the June quarter of 2004, as the COVID-19 crisis took a huge toll on the economy. Singapore’s unemployment rate may rise to 3.6% in 2020 from 2.3% in 2019, according to DBS Group Research. 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