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Singapore: Technology Related Job Trends in the Technology and Communications Sector (October 2023 - January 2024)

Industry: Technology and Communications
Current: Other Industry Indicators

The number of active Technology related job postings in the Technology and Communications sector of Singapore decreased by 9.07% MoM, and decreased by 15.71% since October 2023, reaching 3,718 active job postings in January 2024
A total of 1,102 new Technology related jobs were posted in January 2024, witnessing an increase of 17.99% as compared to the previous month. On the other hand, 1,473 Technology related jobs were closed in the same month implying that companies took out 0.61% more jobs than the month earlier. For the period from October 2023 to January 2024, the number of new Technology related jobs posted decreased by 20.95% and the number of Technology related jobs closed increased by 24.2%.
In terms of Compound Monthly Growth Rate (CMGR) between October 2023 and January 2024, the number of new Technology related jobs posted observed a negative growth rate of 7.54%, the number of active Technology related job postings observed a negative growth rate of 5.54% and the number of Technology related jobs closed observed a growth rate of 7.49%. Between October 2023 and January 2024, the average number of Technology related jobs posted stood at 1,235, number of Technology related jobs closed stood at 1,356 and number of active Technology related jobs stood at 4,209.