ManpowerGroup Employment Outlook Survey

Moderate Hiring Activity Expected for First-Quarter of 2018, Latest ManpowerGroup Employment Outlook Survey Reveals

Employers in Singapore’s Public Administration/Education and Finance, Insurance & Real Estate sectors report the most optimistic hiring projections in over 3

Expect moderate hiring activity in the first-quarter of 2018 as ManpowerGroup’s latest ManpowerGroup Employment Outlook Survey (MEOS) forecasts a Net Employment Outlook of +9% in Singapore after interviewing nearly 650 employers. Singaporean employers report conservative hiring intentions for the coming quarter: 15% of them expect to increase their staffing levels over the next three months, 6% forecast a decrease and 69% anticipate no change. The resulting Net Employment Outlook is +9% after seasonal variations have been taken into account.

Employers in all seven industry sectors expect to increase staffing levels during the next three months. The strongest labor markets are forecast in both the Finance, Insurance & Real Estate sector and the Public Administration & Education sector, with Net Employment Outlooks of +25%. Both sectors are reporting the strongest hiring outlook in over 3 years.

Elsewhere, Services sector employers anticipate a steady hiring pace, reporting an Outlook of +15%, while Wholesale & Retail Trade sector employers report a cautiously optimistic Outlook of +9%. Hiring plans are more cautious in the Manufacturing sector, where the Outlook is +6%, and in both the Mining & Construction and Transportation & Utilities sectors, with Outlooks of +5%.

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