Total employment in Singapore saw the biggest quarterly fall on record between April and June, while unemployment and retrenchments rose sharply.
This was higher than the peak of 5,510 during the 2003 severe acute respiratory syndrome outbreak, but lower than the 2009 global financial crisis high of 12,760, said the ministry.
As a result, the unemployment rate for Singaporeans rose to 4 percent in June, up from 3.5 percent in March, after taking into account seasonal variations. Manpower Minister Josephine Teo told the press at a briefing on Wednesday that the contraction in employment was “quite reflective of the workforce composition” in terms of the spread between local and foreign workers, but added that the exact breakdown is not yet available.Within the services sector, the contraction in employment was sharpest in food and beverage services; retail trade; arts, entertainment and recreation; and education.
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