Singapore's jobless rate jumps in second quarter to a new decade-high, nearing financial crisis peak
FILE PHOTO: People walk at the central business district, amid the coronavirus disease outbreak, in Singapore July 14, 2020. REUTERS/Edgar Su
The overall unemployment rate climbed from 2.4% in the first quarter, moving within sight of a 3.4% peak hit during the global financial crisis of 2009 SGUNRP=ECI. “Softness in the labour market is likely to persist with continued weakness in hiring and pressure on companies to retrench,” the manpower ministry said.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Apple's China iPhone sales jump 225% in the second quarter as recovery continues, research showsThe cheaper iPhone SE and the popularity of the iPhone 11 series, along with deep discounts, helped Apple get a boost in China in the second quarter.
Read more »
Jim Cramer: Charts show gold prices are nearing a peak'The charts, as interpreted by Carley Garner, suggest that the recent rallies in gold and silver are very precarious,' the 'Mad Money' host said.
Read more »
California could create its own $600 weekly unemployment benefitAssemblyman Phil Ting said there is support for providing up to $600 weekly to jobless Californians
Read more »
EBay beats second-quarter profit estimates, raises FY outlookEBay Inc beat Wall Street estimates for quarterly profit on Tuesday and raised its full-year outlook, as the e-commerce company benefited from a surge in online shopping by people staying indoors due to coronavirus-driven lockdowns.
Read more »
Amgen second-quarter revenue rises 6%, shares fall 2%Amgen Inc on Tuesday reported second-quarter revenue rose 6% as higher sales of newer drugs, including recently-added psoriasis treatment Otezla, offset declining sales of older medicines.
Read more »
Earnings: Companies clash over whether second quarter was the bottomTwo competing narratives are battling it out this earnings season. One says the recovery is in trouble, another says the second quarter was the bottom.
Read more »