ManpowerGroup Employment Outlook Survey

Hiring activity in Singapore for 3Q forecast to be strongest since 4Q 2015: Latest ManpowerGroup Employment Outlook Survey

Employers in Japan and Taiwan report strongest hiring intentions in APAC

According to the latest ManpowerGroup Employment Outlook Survey released today, employers in Singapore are reporting their strongest hiring intentions in nearly three years, with a Net Employment Outlook of +12% after accounting for seasonal variation. Overall, positive payroll gains are expected across all sectors in Singapore for the third quarter of 2018. Out of 670 Singapore employers surveyed, 17% of employers expect to increase staffing levels, 5% intend to let staff go and 70% anticipate no change.

Employers in the Finance, Insurance & Real Estate sector intend to aggressively expand their headcounts, with a Net Employment Outlook of +26% – its strongest Outlook in three years. Steady workforce gains are anticipated in the Transportation & Utilities sector (+13%), the Manufacturing sector (+12%), the Public Administration & Education sector (+12%) and the Services sector (+10%). The weakest hiring plans are reported by employers in the Mining & Construction sector (+3%).

Compared with the previous quarter, hiring prospects improve in four of the seven industry sectors, most notably by 6 percentage points in the Transportation & Utilities sector. Hiring activity decreased in three sectors, including the Public Administration & Education sector, with a considerable decline of 10 percentage points, and the Mining & Construction sector, decreasing by 3 percentage points.

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