Singapore’s 4Q online hiring growth remains in the red

SINGAPORE (Nov 29): For the third consecutive month, Singapore has reported zero change in online hiring activity, says the Monster Employment Index (MEI) based on its data for October 2016.

This was largely due to a decline in hiring in the BFSI sector, which reflected the steepest decline at -9%, albeit a marginal increase from September’s annual recorded growth of -11%.

Poor online hiring growth in the BFSI industry is not limited to the city state alone. Notably, not one of the three markets monitored by the MEI (Singapore, Malaysia and the Philippines) recorded positive annual growth in online hiring for finance & accounts roles in the BFSI industry.

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