Job postings in Singapore fell by 2.7% in April, marking the fourth consecutive monthly decline and reaching their lowest level since May 2021. Despite this downturn, the overall job posting levels remain robust, standing 41% above pre-pandemic figures, according to Indeed’s latest Hiring Lab report. This indicates a labour market that continues to support low unemployment rates, with job creation still surpassing workforce needs in most sectors.
The report highlights a shift in job categories, with logistics support growth moderating from 10.9% in March to 5.9% in April. In contrast, demand for data analytics professionals surged, moving from fourth to second place among top-performing job categories. This trend suggests companies are increasingly relying on data-driven insights to navigate uncertainty and make informed decisions.
Callam Pickering, Indeed’s APAC Senior Economist, commented, “Whilst job creation in Singapore is gradually cooling, the labour market remains resilient. Low unemployment and persistent skill shortages suggest underlying strength—but many businesses are holding their breath in a world clouded by economic and geopolitical uncertainty.”
The report also notes mixed growth across occupational categories. Notable increases were seen in personal care and home health (+29%), data analytics (+9.5%), and industrial engineering (+6.9%). However, these gains were offset by declines in cleaning and sanitation (-56%), childcare (-39%), pharmacy (-39%), and driving (-26%).
Despite recent declines, Singapore’s job posting trends remain favourable compared to international peers, outperforming several advanced economies. Whilst the nation trails behind faster-growing markets like India and Italy, it remains well-positioned to face a challenging economic outlook.
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