Singapore’s job market is showing signs of fatigue, with job postings down 0.9 per cent in May, the fifth consecutive monthly dip, according to job site and hiring platform Indeed. But demand for skilled professionals remains strong.
Job postings remain 40 per cent above pre-pandemic levels, and technical roles are leading the charge.
Civil engineering jobs jumped nearly 19 per cent since February, outpacing mechanical (+14 per cent) and industrial (+6.5 per cent) roles. Analysts say this may be tied to major infrastructure projects like Changi Airport Terminal 5.
Other bright spots include childcare (+13 per cent), sports (+12 per cent), and data analytics (+5.6 per cent). Software development saw a modest 0.9 per cent rise, though its share of total postings dipped slightly.
Healthcare roles, however, are in retreat. Pharmacy (-45 per cent), veterinary (-19 per cent), and physician/surgeon (-19 per cent) postings all saw sharp drops.
With unemployment at 2.1 per cent, Indeed’s Senior Economist Callam Pickering says the labour market remains tight, as employers battle skill shortages despite global uncertainty.
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