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Singapore: Job Trends in the Construction Sector (October 2023 - January 2024)

  • The number of active job postings in the Construction sector of Singapore decreased by 14.34% MoM, and decreased by 23.67% since October 2023, reaching 932 active job postings in January 2024.

  • A total of 140 new jobs were posted in January 2024, witnessing a decrease of 33.96% as compared to the previous month. On the other hand, 296 jobs were closed in the same month implying that companies took out 1.02% more jobs than the month earlier. For the period from October 2023 to January 2024, the number of new jobs posted decreased by 65.35% and the number of jobs closed decreased by 32.57%

  • In terms of Compound Monthly Growth Rate (CMGR) between October 2023 and January 2024, the number of new jobs posted observed a negative growth rate of 29.76%, the number of active job postings observed a negative growth rate of 8.61% and the number of jobs closed observed a negative growth rate of 12.31%. Between October 2023 and January 2024, the average number of jobs posted stood at 267, number of jobs closed stood at 348 and number of active jobs stood at 1,102.

Singapore: Job Trends in the Construction Sector (October 2023 - January 2024)

Published: September 2022
Source: GlobalData

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