Online job opportunities decline 2% year-on-year
Monster Employment Index Singapore registered a negative annual growth rate for the first time since January 2014, indicating a decline in the online job opportunities available in the market.
"Among the industries, IT, Telecom / ISP, BPO / ITES and BFSI engaged most actively in e-recruitment activity but at an eased-up pace," said said Sanjay Modi, Managing Director, Monster.com (India / Middle East / South East Asia). "Among occupations, online recruitment of Real Estate professionals is most notable."
As per a recent survey on the Singapore economy, the economic figures indicate that the expected GDP growth for the second quarter had fallen behind the target.
"The survey indicates that manufacturing, construction, retail & wholesale trade, food services & accommodation, non-oil domestic exports and private consumption will witness a decline," said Modi.
"On a positive note, former World Bank chief Robert Zoellick asserted that Singapore's economy will certainly recover and improve its macroeconomic conditions."