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%).

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.

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