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Online hiring for banking and finance sector falls at slower rate

Jude Chan Published on Mon, Feb 27, 2017 / 5:57 PM GMT+8

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SINGAPORE (Feb 27): Employment prospects across the banking, financial services and insurance (BFSI) sector in Singapore is retreating at a slower rate, according to the Monster Employment Index (MEI).

According to the monthly assessment, Singapore reported a 2% y-o-y decline in online recruitment for the BSFI industry in Jan 2017, compared to declines of 11% y-o-y and 5% y-o-y in Nov and Dec 2016, respectively.

In particular, there was an 8% y-o-y drop in online hiring for finance and accounts roles in Jan 2017, compared to declines of 11% y-o-y each in both Nov and Dec 2016.