Singapore indicates region's weakest hiring intentions for 1Q19: ManpowerGroup

By Michelle Zhu / The Edge Singapore | December 11, 2018 4:55 PM SGT
SINGAPORE (Dec 11): Singapore’s hiring place is expected to moderate in 1Q19 after three consecutive quarters of strengthening labour market activity, according to the latest ManpowerGroup Employment Outlook Survey.
After accounting for seasonal variations, ManpowerGroup notes that the net employment outlook was +10%, unchanged y-o-y but down from 11%-13% over 2Q-4Q18. This means hiring intentions declined by 3 percentage points when compared to the previous quarter, but unchanged in comparison to a year ago.
ManpowerGroup’s net employment outlook indicator is derived from taking the percentage of employers anticipating an increase in hiring activity, and subtracting from it the percentage of employers expecting to see a decrease in employment at their location over the next quarter.
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