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Employment Demand in Singapore Expected to Continue in Q2 2023 Amidst Uncertain Economic Climate

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Q2 2023 | ManpowerGroup Employment Outlook Survey ManpowerGroup Proprietary Information | 30 Employers Across the Asia Pacific Reveal Optimistic Hiring Intentions Hiring managers across the region anticipate strong (+27%) hiring intentions, improving when compared to the previous quarter (+2 points) but weakening slightly year-over-year (-1 point). The only region reporting an increase in hiring intentions from Q1, perhaps due to the reopening of trade and travel in mainland China, with its economy beginning to recover. This has affected the rest of the region with rebounding consumer demand and travel. Strongest hiring intentions globally for the Communications Services sector are found in Hong Kong (+81%) and Information Technology in Australia (+56%). Strongest Hiring Intentions Weakest Hiring Intentions Australia +30% Taiwan +9% Hong Kong +30% India +30% Japan +10%

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