SINGAPORE: Singapore’s overall jobless rate hit a seven-year high in the first quarter, while employment saw the biggest fall in nearly 14 years, underscoring weakness in sectors of the city-state’s domestic economy.
The unemployment rate rose to 2.3% in the first quarter from 2.2% in the quarter before, hitting a level last seen in the fourth quarter of 2009, preliminary data from the Manpower Ministry showed.
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