Bad news for those looking for a new job. According to the Monster Employment Index (MEI) by Monster.com, online hiring activities in Singapore fell by 8% year-over-year compared to April 2014.
Among all 14 industry sectors in the Index, the lowest growth was recorded in the Consumer Goods/FMCG, Food & Packaged Food, Home Appliance, Garments/Textiles/Leather, Gems & Jewellery industry and the Government/PSU/Defence industry, at -16% and -11% respectively.
Education and IT, Telecom/ISP and BPO/ITES industries performed the best, at 14% and 4% respectively. Singapore is seeing growing concern over issues related to cyber security, keeping the demand high for mid-level IT professionals in the technology sector. The healthcare sector is also seeing an increase in hiring activity, thanks to a demand for professionals engaged in research laboratory and medical related technical sales.
The MEI Singapore is a monthly gauge of online job posting activity, based on a real-time review of millions of employer job opportunities culled from a large representative selection of career Web sites and online job listings across Singapore. The Index does not reflect the trend of any one advertiser or source, but is an aggregate measure of the change in job listings across the industry.