The latest data marks Singapore’s largest quarterly contraction on record since the SARS pandemic which saw hiring dip by 24,000 in June 2003, according to preliminary numbers released by the Ministry of Manpower (MOM) on July 29.
Quoteworthy: "Lately US law enforcement has been busy hyping up the so-called China infiltration and espionage issues to the point of paranoia."
–— Wang Wenbin, China’s Foreign Ministry spokesperson, responding to news that Singaporean Dickson Yeo has been convicted in the US for spying for China.
Singapore employment suffers deepest quarterly contraction in June
Singapore’s labour market is reeling from the effects of the Covid-19 health-turned-economic crisis, as total employment plummeted by 121,800 in June — more than four times the 25,600 contraction registered in March.
