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Weaker job market expected in 4Q: ManpowerGroup survey

Kok Xinghui
Kok Xinghui9/10/2019 7:48 AM GMT+08  • 2 min read
Weaker job market expected in 4Q: ManpowerGroup survey
SINGAPORE (Sept 10): Jobseekers in the republic may have a harder time finding employment in the final quarter of this year. Out of 669 employers surveyed, only 13% intend to add to their headcount while 77% are not planning for any changes.
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SINGAPORE (Sept 10): Jobseekers in the republic may have a harder time finding employment in the final quarter of this year. Out of 669 employers surveyed, only 13% intend to add to their headcount while 77% are not planning for any changes.

Hiring prospects weakened by 7 percentage points compared to the previous quarter, and by 8 percentage points compared to the same time a year ago. This was according to a survey by ManpowerGroup Singapore, which asked participants how they thought total employment at their workplaces will change in the three months of the year compared to the current quarter.

While sectors like public administration and education expect to increase headcounts by 19%, sectors like transportation and utilities expect to trim payrolls by 5%. The manufacturing sector is anticipating its weakest labour market in a decade, while finance, insurance and real estate are expecting the weakest hiring pace in two years.

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