Singapore's unemployment rates grow in 2020
Source: Xinhua | 2021-01-29
Singapore's Ministry of Manpower announced on Thursday that the country's annual average unemployment rate for overall in 2020 rose to 3 percent from 2.3 percent in 2019.
The unemployment rate for residents grew from 3.1 percent to 4.1 percent, and that for citizens grew from 3.3 percent to 4.2 percent, according to the Labour Market Advance Release 2020.
However, these figures remained below the annual rates observed during SARS in 2003 and the Global Financial Crisis in 2009.
Singapore's total employment, excluding foreign domestic workers, decreased 172,200 in the whole year of 2020.
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