The number of active job postings in the Travel & Tourism (Travel Services) sector of Singapore decreased by 27.52% MoM, and decreased by 50.1% since October 2023, reaching 1,035 active job postings in January 2024.
A total of 396 new jobs were posted in January 2024, witnessing a decrease of 27.74% as compared to the previous month. On the other hand, 789 jobs were closed in the same month implying that companies took out 16.06% fewer jobs than the month earlier. For the period from October 2023 to January 2024, the number of new jobs posted decreased by 34.87% and the number of jobs closed increased by 37.7%
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 13.32%, the number of active job postings observed a negative growth rate of 20.68% and the number of jobs closed observed a growth rate of 11.25%. Between October 2023 and January 2024, the average number of jobs posted stood at 465, number of jobs closed stood at 716 and number of active jobs stood at 1,589.
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