Online hiring activity slips by 4% in September

Bleak online hiring in the government sector led the decline.

There was a 4% decline in Singapore's online hiring activity, Monster.com revealed.

According to the Monster Employment Index (MEI), online hiring in the Government/PSU/Defence sector declined by 13% YoY.

However, the online hiring of Banking and Financial Services and Insurance (BFSI) professionals grew 14% YoY in September.

"Even as GDP growth has improved over the last two quarters, Singapore’s job market is yet to reflect the pace of recovery. In line with the central bank’s sentiment and the MEI, the BFSI sector has seen the highest growth among industry sectors. Much of this is because banks have made consistent efforts to upskill their talent and enhance skills," said Sanjay Modi, managing director, Monster.com – APAC and Middle East.

The demand for Finance and Accounts talents fell by 8% YoY, albeit this was a slight improvement from the 10% decline in August.

Healthcare jobs saw the most demand at 10% YoY. Roles in Customer Service registered the sharpest annual decline at 13% YoY.

The MEI is a monthly gauge of online job hiring activity by Monster.com. The Index tracks industries and occupations with the highest and lowest growth in online recruitment, which also includes data points from the Banking and Financial sector.