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Hiring in 4 out of 7 industry sectors weakens

Singapore Business Review

Find out which sectors are still hiring.

According to the Manpower Employment Outlook Survey, employers in all seven industry sectors expect to increase staffing levels in Quarter 1 2013. The most optimistic hiring intentions are reported in the Finance, Insurance & Real Estate sector, where the Net Employment Outlook stands at +22%.

Active labor markets are also forecast in both the Mining & Construction sector and the Public Administration & Education sector, with Outlooks of +21%. Positive hiring climates are expected in the Transportation & Utilities sector and the Manufacturing sector, with Outlooks of +15% and +13%, respectively, as well as the Wholesale Trade & Retail Trade sector, where the Outlook is +12%.

Quarter-over-quarter, hiring prospects weaken in four of the seven industry sectors, most notably by 10 percentage points in the Public Administration & Education sector. An Outlook decline of 7 percentage points is reported in the Services sector and the Wholesale Trade & Retail Trade sector Outlook decreases by 3 percentage points.

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Meanwhile, hiring plans improve in three sectors, including the Transportation & Utilities sector, with a 5 percentage point increase, and the Mining & Construction sector where the Outlook is 4 percentage points stronger.

Year-over-year, employers report weaker Outlooks in five of the seven industry sectors. Services sector employers report a sharp decline of 21 percentage points, and Outlooks decrease by 7 and 5 percentage points in the Manufacturing sector and the Public Administration & Education sector, respectively.

Elsewhere, hiring intentions strengthen by 7 percentage points in the Wholesale Trade & Retail Trade sector and improve by 6 percentage points in the Mining & Construction sector.



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