Excerpted from the Singapore Career Guide
Recent surveys point to a strong employment market, despite some concerns that Singapore's manufacturing sector has begun to deteriorate as overseas markets, particularly the US, continue to slide towards recession. The Singapore Economic Development Board found that more than 18 percent of all employers surveyed expect to hire more workers in the next three months -- this despite a reported slowdown of industrial output (a drop of almost two percent), most pronounced in the electronics industry. More importantly, business sentiment is quickly weakening among manufacturing employers. Only two percent surveyed expect improved business conditions over the next few months (compared with the 25 percent figure reported three months earlier). With competition exerting more pressure on the electronics sector and demand for electronic goods expected to cool, the sentiments of electronics makers are muted. The same is true of companies participating in the precision engineering cluster. The outlook for employers in the chemical and biomedical manufacturing sectors is more positive as these have remained relatively unchanged with improving regional markets and rising output.
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