Nearly 1 in 2 hirers expect active job market in H1 2024

However, they are less optimistic by the second half due to economic uncertainty.

Around 45% of hirers in Singapore are confident that the job market in the country will be more active in the first half of the year, according to a report by JobStreet.

This figure reflects the hirers’ optimism of more hiring and active job hunting.

However, the optimism declined for the second half of the year to 32%.

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“This decline is attributed to a higher degree of uncertainty, with 20% of hirers mentioning their uncertainty about the job market's outlook during that period–which could be influenced by various factors, including economic conditions and global events,” JobStreet read.

The number of vacancies rose with job openings peaking at 126,000 as of March 2022. This declined gradually to 78,400, according to JobStreet, citing data from the Ministry of Manpower.