Unemployment rate widened to 2.3% in 2019

Submitted By:  Nathanielle Punay Case Study:  No The ratio of job vacancies to unemployed persons declined to 0.84 in December 2019. Singapore’s unemployment rate edged up to 2.3%, whilst the resident long-term unemployment rate held steady at 0.7%, according to the Ministry of Manpower. This is despite the growth seen in local employment, ending at 28,300 in 2019 compared to 27,400 in 2018. The majority of the increase was in the services industries, including community, social & personal services, professional services, financial & insurance services and information & communications. read more