Service sector blazes the way for more new jobs in 2011
- More than 130,000 jobs may be created next year if Singapore meets its latest economic growth forecast, said local economists recently.
According to newspaper reports, most of these jobs are likely to be based in the service sector, with the two integrated resorts leading the hiring spree. For instance, Marina Bay Sands is looking to fill its 1,000 vacancies while Resorts World Sentosa expects to hire another 3,000 staff in the next two to three years.
Recently, the Singapore Ministry of Trade and Industry announced that Singapore’s economy is expected to grow by 4 to 6 percent in 2011, slower than 2010’s 15 percent forecast.
But to meet this growth forecast, the Singapore economy will need either more workers or higher productivity levels in order to keep up with improved demand conditions, said Bank of America Merrill Lynch economist Chua Hak Bin.