
Chart of the Day: Check out how hiring prospects weakened in almost every sector
They dropped most in the services and finance sectors.
Though employers in all seven industry sectors anticipate a steady influx in staffing levels, hiring prospects still cascaded compared to last year.
According to Manpower Employment Outlook Survey Singapore by Manpower group, prospects weakened in six of seven industry sectors compared to 4Q14, led by declines of 14 and
12 percentage points in the services and finance sectors, and the insurance and real estate sector, respectively.
“Mining & Construction sector employers report a decrease by 5 percentage points. Elsewhere, the Outlook for the Manufacturing sector is 5 percentage points stronger,” the report said.
Meanwhile, outlooks improve in four of the seven industry sectors, most notably in both the Transportation & Utilities sector and the Wholesale Trade & Retail Trade sector, which improved by 5 percentage points.
“However, hiring prospects weaken in three sectors. A considerable decrease of 10 percentage points is reported in the Services sector while the Outlook for the Finance, Insurance & Real Estate sector declines by 4 percentage points,” the report added.