Singapore's unemployment rates rise to 3.6 pct in September

Source: Xinhua| 2020-10-30 19:09:20|Editor: huaxia

SINGAPORE, Oct. 30 (Xinhua) -- Singapore's Ministry of Manpower (MOM) announced on Friday that the country's unemployment rate for overall in September reached 3.6 percent compared to 3.4 percent in August.

Meanwhile, the unemployment rate for residents grew from 4.6 percent to 4.7 percent, and that for citizens grew from 4.7 percent to 4.9 percent, according to the Labour Market Advance Release Third Quarter 2020.

Residents here refer to Singapore citizens and permanent residents, said the ministry.

In the third quarter, Singapore's total employment, excluding foreign domestic workers, was estimated to decrease by 26,900, compared to the 103,800 decrease for the second quarter. But the number of retrenchments in the third quarter was estimated at 9,100, slightly above the 8,130 for the second quarter.

MOM said that weakness in Singapore's labour market is likely to persist as companies and workers continue to operate in an uncertain economic environment. Conditions for travel-related sectors continue to remain challenging, it added. Enditem