While the economy gradually recovers, there is renewed optimism about hiring in 2010, according to figures released by MOM last week.
By Becky Lo
Hiring picks up
Things are looking good in the first quarter of 2010. Employment has continued to grow strongly by 34,000. This is the third quarterly increase after two quarters of decline in the first half of 2009. While the last quarter of 2009 recorded a slightly higher figure of 37,500, it was mainly a result of the year-end festivities.
Services remain as the main industry that is contributing to the bulk of the employment gains, with an additional 31,200 workers recorded in the first quarter of 2010. Manufacturing also sees an increase of 3,400 workers, a considerable improvement from the 700 recruited last quarter. On the other hand, construction is seeing its first decline after 20 successive quarters of employment gains starting from the first quarter of 2005.
Meanwhile, jobseekers can also look forward to more openings in the finance sector. According to a separate survey done by Robert Half, an international recruitment firm, there is a generally optimistic hiring sentiment among finance-related companies.