Singapore's Job Market Remains Weak as Online Recruitment Plunged Further in July
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Highlights
1. Singapore saw a 5% year-on-year decline in online hiring activity in July 2017, according to the latest Monster Employment Index (MEI). 2. The BFSI sector saw the steepest growth in online hiring activity at 9% year-on-year, while the Government/ PSU/ Defence sector reported the most decline at -7%. 3. Engineer /Production, Health Care and Software, Hardware, Telecom jobs saw the most demand at 1% year-on-year. 4. Roles in Finance & Accounts, Customer Service and Hospitality & Travel registered the sharpest annual decline at -10%.
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Launched in April 2011 with data collected since October 2010, the Monster Employment Index is a broad and comprehensive monthly analysis of online job demand in the Singapore conducted by Monster.com. Based on a real-time review of millions of employer job opportunities culled from a large, representative selection of online career outlets, including Monster Singapore, the Monster Employment Index presents a snapshot of employer online recruitment activity nationwide. The Monster Employment Index’s underlying data is validated for accuracy by Research America, Inc.- an independent, third-party auditing firm - to ensure that measured online job recruitment activity is within a margin of error of +/- 1.05%. Monster has taken due care in compiling and processing the data available from various sources for Monster Employment Index, but does not guarantee the accuracy, adequacy or completeness of any information and is not responsible for any errors or omissions or action / decision taken or for the results obtained from the use of such information.

July 2017 Index Highlights:

  • Singapore saw a 5% year-on-year decline in online hiring activity in July 2017, according to the latest Monster Employment Index (MEI)
  • The BFSI sector saw the steepest growth in online hiring activity at 9% year-on-year, while the Government/ PSU/ Defence sector reported the most decline at -7%
  • Engineer /Production, Health Care and Software, Hardware, Telecom jobs saw the most demand at 1% year-on-year
  • Roles in Finance & Accounts, Customer Service and Hospitality & Travel registered the sharpest annual decline at -10%