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Recruitment activities in Asia have increased in the third quarter of 2012 as the number of job advertisements was up +2.4% when compared to a year ago, the latest job index by Robert Walters has found.
This looks at job ads for professional positions across major job boards and newspapers in the region.
Hong Kong, Singapore and Japan saw growth in the number of jobs, but advertised vacancies dropped in China, South Korea and Malaysia, partly due to a softer Chinese economy and the continued ripple effect of the Eurocrisis.
“The job advertisement statistics in Asia have been a mixed bag. We have seen some evidence of advertising pricing being heavily discounted, especially in Singapore, which would explain why job advertisements have risen, despite a relatively flat market,” said managing director of Robert Walters, Mark Ellwood.
The research found that multinational corporations have opened new offices in the region, leading to rising demand for local professionals. But demand for candidates working in banking shrank with the number of job ads in finance falling across the region.
A decline in consumer confidence has also led to a fall in the number of jobs advertised in the retail sector. However, medical services bucked the trend and saw a surge in vacancies, especially in Hong Kong, Singapore and Japan.