Singapore’s youth unemployment rate higher in 2020 compared to previous economic downturns | Singapore

Singapore’s youth unemployment rate higher in 2020 compared to previous economic downturns | Singapore

The youth unemployment rate was 10.6 per cent in 2020, compared to 8.8 per cent during the Global Financial Crisis and 9.3 per cent during the Sars pandemic. ― TODAY file pic
The youth unemployment rate was 10.6 per cent in 2020, compared to 8.8 per cent during the Global Financial Crisis and 9.3 per cent during the Sars pandemic. ― TODAY file pic

SINGAPORE, June 18 — Compared to previous downturns such as the 2009 Global Financial Crisis and the 2003 severe acute respiratory syndrome (Sars) pandemic, Singapore’s youth unemployment rate was higher in 2020.

This is likely because it was challenging for young people to secure part-time or temporary employment in the retail and food-and-beverage (F&B) industries, the Ministry of Manpower (MoM) said yesterday (June 17).

In its latest labour market report for the first quarter of this year, MoM noted, however, that “youth unemployment is mostly transitional and short term” and the overall…

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Singapore's youth unemployment rate higher in 2020 compared to previous economic downturns | Singapore

 

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