Despite the challenging economic and geopolitical conditions over the past few years, Singapore has successfully navigated the worst of the COVID-19 pandemic. However, the country's major sectors, including manufacturing, wholesale trade, and financial services, have shown lackluster performance due to the global economic slowdown. While China's economic reopening has improved the growth outlook of Asian economies, the US and Eurozone economies remain weak. The Singapore government has launched several initiatives to facilitate the transfer of knowledge and skills, enabling stability in the economy and job market.
This RGF Quarterly Job Market Index report provides insights into the hiring trends and behaviour of jobseekers in different economic sectors in Q1 2023.