MOM: Singapore's 2016 unemployment rate highest in a decade

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This week the Manpower of Ministry (MOM) released figures of the annual unemployment rate for Singapore residents, finding showed a slight increase from 2.8% in 2015 to 3% in 2016, the highest rate since 2010. According to the 2016 release on Labour Market Developments, the increase was widepspread across all education and age groups, with larger increases among those in the 30 to 40 age category and 50 and over, as well as those with degree qualifications.