Singapore job openings slip 8.9%

There are 91 job vacancies for every 100 applicants.

According to Ministry of Manpower's Labor Report, amid the subdued global economic outlook, the number of job vacancies declined over the year by 15% to 47,300 in June 2012. After adjusting for seasonality, job openings fell over the quarter by 8.9% to 45,600.

Here's more fro MoM:

The seasonally adjusted ratio of job vacancy to unemployed person declined for a second consecutive quarter, as job vacancies fell faster than unemployment in June 2012. For every 100 job seekers, there were now 91 job openings, down from 105 in March 2012 and 120 in December 2011.

This was the second consecutive quarter of decline after hitting the high of 55,400 in December 2011. Correspondingly, the seasonally adjusted job vacancy rate, which measures vacancies relative to total manpower demand, fell to 2.3% in June 2012 from 2.5% in March 2012 and 2.9% in December 2011.

Services contributed three in four (75% or 35,400) of the vacancies in June 2012, with the bulk from community, social & personal services (10,800 or 23% of all vacancies). This was followed by wholesale & retail trade (5,400 or 11%), transportation & storage (3,600 or 7.6%), accommodation & food services (3,400 or 7.2%) and administrative & support services (3,400 or 7.1%).

Manufacturing and construction contributed another 7,700 (16%) and 3,400 (7.1%) job openings respectively. Positions for PMETs constituted 42% or 20,000 of the vacancies. This was followed by production & transport operators, cleaners & labourers (14,000 or 30%) and clerical, sales & services workers (13,300 or 28%).

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