Chart of the Day: Job postings drop 1.9% MoM in August

The recent drop left postings 17.6% lower than a year ago.

Available jobs in Singapore continued to decline in August, data from Indeed showed.

According to Indeed,  job postings on their platform fell 1.9% MoM in August, marking a ninth consecutive monthly decline.

The recent drop left postings 17.6% lower than a year ago.

Sports (-25%), beauty & wellness (-20%) and mathematics (19.4%) were sectors which saw weakness in postings in August.

Sectors such as physicians & surgeons, veterinary and pharmacy, on the other hand, recorded an increase in postings of around 30%. 

“We anticipate that job postings will continue to moderate over the remainder of the year, consistent with a more challenging economic environment. The decline in job postings is the first real sign that softer economic growth is impacting the labour market” said Callam Pickering, APAC Senior Economist at Indeed.