ManpowerGroup Employment Outlook Survey

Singapore’s Employment Outlook Continues to Strengthen: ManpowerGroup Employment Outlook Survey Q4 2018

  • Net Employment Outlook in Singapore strengthens for the third consecutive quarter, at +13%
  • Employers in the Public Administration & Education sector report strongest hiring Outlook, increasing by 23 percentage points from the previous quarter
  • Positive workforce gains expected across labor markets in the Asia Pacific region, with Japanese employers forecasting strongest hiring intentions

Local labor market is expected to finish on a high note this year as employers in Singapore continue to report stronger hiring intentions for the fourth-quarter, according to latest ManpowerGroup Employment Outlook Survey.

This marks three consecutive quarters of strengthening hiring outlooks for Singapore, with Net Employment Outlook reported to be +13% after accounting for seasonal variation – with employers reporting the most optimistic forecast since 2015. Out of 620 employers surveyed, 16% intend to add to their headcount, only 3% expect to decrease and 75% anticipate no change.

Staffing levels are expected to rise across the seven industry sectors in the fourth-quarter, with employers in the Public Administration & Education sector reporting a hiring Outlook of +37% -- a sharp increase of 23 percentage points from the previous quarter.

Steady workforce growth is expected in the Finance Insurance & Real Estate sector and the Services sector, with reported Outlooks of +14% and +12% respectively, while Outlooks of +11% are reported by both the Manufacturing sector and Mining & Construction sector. Elsewhere, expect a slow hiring pace in the Wholesale Trade & Retail Trade sector (+9%) and Transportation & Utilities sector (+4%).

Compared with the previous quarter, employer confidence has dipped in three sectors, with employers in the Finance, Insurance & Real Estate sector reporting a considerable decrease of 11 percentage points. In a year-on-year comparison, hiring Outlooks strengthened in five of the seven sectors, with a substantial increase of 16 and 12 percentage points reported for the Public Administration & Education sector and the Mining & Construction sector respectively.

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