The number of active job postings in the Industrial Goods and Machinery sector of Singapore decreased by 3.75% MoM, and decreased by 6.48% since October 2023, reaching 462 active job postings in January 2024.
A total of 143 new jobs were posted in January 2024, witnessing an increase of 28.83% as compared to the previous month. On the other hand, 161 jobs were closed in the same month implying that companies took out 17.52% more jobs than the month earlier. For the period from October 2023 to January 2024, the number of new jobs posted decreased by 2.05% and the number of jobs closed increased by 11.81%
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 0.69%, the number of active job postings observed a negative growth rate of 2.21% and the number of jobs closed observed a growth rate of 3.79%. Between October 2023 and January 2024, the average number of jobs posted stood at 144, number of jobs closed stood at 151 and number of active jobs stood at 485.
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