Job vacancy in manufacturing sector plunges 84%

Just 600 people were taken in.

According to OCBC, net job creation by the manufacturing sector plunged to just 600 persons in Q4 2012, down 84% qoq, whereas services and construction employment surged to 32.1k (+253% qoq) and 11.1k (+14%).

For the full year 2012, unemployment rate averaged 2% which was unchanged from 2011.

Here's more from OCBC:

With the increasingly binding foreign manpower constraints, it is possible that the unemployment rate may touch the record 1.7% last seen in Q4 2007 as the Singapore economy continues its modest recovery.

Local employment (including PRs) rose sharply by 56% qoq to 59.2k in 2012, whereas foreign employment declined 17% qoq to 70.4k, albeit still higher than the 59.7k seen in 2010. As a proportion of all workers, foreigners still accounted for 33.6% in Dec 2012, up from 32.8% in Dec 2011.

If you've been wondering whether SBR could work for your company — yes, probably.

A lot of the companies we partner with started as readers. They'd been following our coverage for a while, saw their own customers and competitors in it, and eventually asked the obvious question: could we do something with you? The answer is usually yes. The shape of it depends on what you're trying to do.

The options are broader than most people assume — thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. Some partners use one channel; most use a mix. We figure out the right combination by starting with your brief, not with our rate card.

So if the question has been on your mind, here's the easy way to ask it.

We'll tell you honestly whether we can help, and how. It's a better use of everyone's time.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia