Singapore's hiring activity falls 5% YoY in September

On a sequential basis, however, activity rose by 7%.

Singapore’s hiring activity dipped 5% YoY in September but rose 7% MoM, according to foundit.

The education sector led amongst industries, with a 4% MoM increase, driven by government and private investments.

Meanwhile, both retail/trade and logistics/import/export sectors recorded a 3% MoM increase.

The Banking, Financial Services, and Insurance (BFSI) sector and the media and entertainment sector declined by 2% MoM and 1% MoM, respectively.

Hiring activities in shipping, consumer goods, engineering, real estate, and oil and gas sectors were stagnant.

In terms of functional roles, marketing and communications professionals had the highest demand with 44% YoY growth and a 30% MoM increase.

Purchase/logistics/supply chain roles saw a 29% MoM increase, followed by finance and accounts (+11%) and legal (+9%).

On the other hand, demand for sales and business development roles fell by 13% MoM, with software, hardware, telecom, and healthcare roles also seeing significant decreases, marking them among the lowest in demand.