Hiring freeze in 2Q11 for 82% of services sector firms

The financial and insurance industry forecasts the highest growth in employment with 38% while 10% in the retail trade industry expects the level of employment to decrease.

According to the Department of Statistics Singapore, the transport & storage industry anticipates increase manpower for the threemonth period ending Jun 2011.

The accommodation industry also foresees higher manpower demand for the period of Apr-Jun 2011 compared with Jan - Mar 2011.

For the food & beverage services industry, a net weighted balance of 29% of firms is optimistic in their hiring expectations.

10% of the firms in the information & communications industry also expects to employ more workers in the coming months.

Firms within the real estate industry, however, expect less hiring during the quarter.

For the business services industry, a net weighted balance of 21% of firms foresees more hiring during the period.

In the recreation, community & personal services industry, more employees are expected to be recruited during the same period.