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Singapore – Hiring activity rises 11% in April: Monster

19 May 2022

Singapore’s job market continued to recover with an 11% increase in hiring activity during April, according to the Monster Employment Index released Wednesday.

“As Singapore moves closer to pre-pandemic levels, we are hopeful to see a close to full recovery in the coming months, especially in sectors such as education and travel and tourism,” said Sekhar Garisa, CEO, Monster.com – APAC and Gulf.

The “banking, financial services and insurance” industry made strides with hiring activity in finance and accounts up 35%; software, hardware, telecom up 34%; and legal up 26%.

Hiring also rose in education rose by 16% for the second consecutive month in April. Meanwhile, “market research, public relations, media and entertainment” rose by 15%.

On the other hand, the government and defence sector saw hiring activity decrease by 10% in April. The consumer goods sector also saw a 10% decrease.

The Monster report also cited declines of 9% in the import/export sector, 4% in oil and gas and 2% in shipping/marine amid the possible impact of the invasion of Ukraine, the global supply chain crisis and the ban on palm oil exports by Indonesia.