Singapore employment sinks in Q2, drop worst since 2003

The Malaysian Insider, 31 Jul 2009, Reuters
SINGAPORE, July 31 — Singapore's overall unemployment rate stood at 3.3 per cent in the second quarter, unchanged from the previous period, government preliminary data showed today.
"Given that employment is a lagging indicator, the extreme weakness in the economy around the turn of the year is yet to pass through to the numbers," said HSBC economist Prakriti Sofat.
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