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Economy

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.

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