ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print

Singapore unemployment hits 2.9% as COVID slams workers Asiawide

City-state's retrenchments more than double in second quarter

Singapore is one of many Asian economies suffering from rising unemployment rates.   © Reuters

SINGAPORE -- Unemployment in Singapore rose to 2.9% in June, according to preliminary quarterly data released on Wednesday, approaching the level seen during the global financial crisis days in 2009 and reflecting the impact of COVID-19 across the region.

Jobless rates in many Asian economies are expected to remain high in the coming months, as businesses struggle in the pandemic.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more