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JobTech 3Q Online Jobs Census Reveals Slowdown in Electronics & Semiconductor Job Growth

2017-10-10 12:00
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SINGAPORE, Oct. 10, 2017 /PRNewswire/ -- JobTech's 3Q 2017 Online Jobs Census across its 9 key industry sectors shows a sequential quarterly growth of 5.8% as compared to JobTech's 2Q 2017 data.

Electronics & Semiconductor registered its first negative growth in online jobs growth since 4Q2016, when JobTech's Online Job Census technology started monitoring Singapore jobs. This could point to a possible weakening in the manufacturing output growth in the coming quarters.

Healthcare has observed the strongest growth in the number of online jobs, registering a 15% quarterly growth in 3Q 2017, followed by Marine at 12.8% and Banking and Finance at 9.8%.

3Q 2017 Online Jobs Growth by Sector

Healthcare

15.2%

Marine & Offshore

12.8%

Banking & Finance

9.8%

Logistics

8.6%

Government

7.0%

InfoComm Technologies

1.5%

BioTech & Pharmaceuticals

(0.4%)

Electronics & Semiconductor

(2.1%)

Energy & Chemicals

(6.2%)

According to CIMB Private Bank Economist, Mr. Song Seng Wun, "JobTech's real-time census of online job advertisements provides a useful snapshot of the health of the Singapore economy. Looking at the Q3 report, the slight pullback in Q3 job ads in the Biomedical and Electronics and Semiconductor clusters, two key contributors to the better-than-expected economic growth so far this year, could be the first indication that growth from the two clusters may have peaked. However, it is encouraging to note that there is jobs growth in the marine & offshore segment indicating that the worst could be behind for one of Singapore's important manufacturing industries. Continued jobs growth in finance and logistics support the view that the global economic recovery is on track."

As the Singapore job market heads into the last calendar quarter of 2017, JobTech has expanded its Online Jobs Census to cover 30 industry sectors in the Singapore online jobs market, scanning and de-duplicating more than 100,000 online jobs each quarter to provide an accurate view of the online jobs market in Singapore. From the JobTech 3Q 2017 Online Jobs Census, covering 30 sectors in the Singapore economy, JobTech reveals digital skills needed to access more than 20,000 Singapore jobs.

Digital Skills Required For >20K Jobs in 3Q

Digital Skills

No of Jobs

%

Programming Languages
(E.g. C, C++, Java)

>10,500

24%

Data Management / Statistical Software
(E.g. SQL, R, Oracle Database)

>5,500

19%

IT / Security Architecture
(E.g. IDS/IPS, System Integration, Configuration Management)

>3,000

8%

Software / Web Development
(E.g. Agile, E-commerce, .NET)

>3,000

8%

Quality Assurance / Quality Control
(E.g. Sampling, Quality Audit, System Testing)

>2,500

7%

In order to provide real-time access to Online Jobs Census data, JobTech has developed 2 data APIs (Application Programming Interface) for its strategic government and industry partners to acquire up-to-date and structured jobs market data automatically. The 2 APIs will allow users to obtain sectoral data for both the de-duplicated job counts as well as the top skills demanded in real time, from the JobTech database which has more than 50 million data points.

JobTech will continue to provide flash reports covering different sectors in Singapore, with a focus on highly sought-after skills and labor market trends. In this regard, JobTech is using its Big Data Analytics and Artificial Intelligence capabilities to provide visibility and analysis of the online jobs market in Singapore to support companies and decision makers there.

For more information on the full version of JobTech Analytics Reports (Quarterly Sector Reports) and Real Time Analytics, please visit http://analytics.jobtech.sg/

About JobTech         

JobTech is Singapore's leading Artificial Intelligence and Big Data Analytics technology startup that provides real-time labour market intelligence and optimized job matching tools. Our core technology took 10 years to build by top researchers at the Institute for Infocomm Research (I2R), a part of the Agency for Science, Technology and Research (A*STAR).

We apply the technology platform to provide complete and accurate visibility of online jobs market around the world. In Singapore, our technology tracks and analyses more than 90% of online jobs. Our customers include: financial institutions, government, recruiters, and consultancy firms.

Our strong technology foundation allows us to be obsessed with powering the jobs economy. This means building products and solutions that reduce frictions in the job market and drive human resource productivity.

Source: JobTech Pte Ltd

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