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Chart of the Day: Check out the employment forecast of Singapore manufacturers
1 in 2 manufacturing firms expected to hire less this quarter.
Singapore manufacturers are expecting to hire fewer workers this quarter amidst the tight labour market, with 16% of firms saying so.
According to EDB Singapore, nearly half of transport engineering firms are not expecting to hire people to join their workforce. General manufacturing and precision engineering firms also posted a negative outlook at -16%, and -5%, respectively.
Meanwhile, biomedical manufacturing firms are the most optimistic at 10%, followed by electronics (3%) and chemicals (1%).
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