EconomySingapore 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
KENTARO IWAMOTO, Nikkei staff writer
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.