Singapore Labor Data Suggests Some Caution in Hiring -- Market Talk

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Singapore Labor Data Suggests Some Caution in Hiring -- Market Talk

Dow Jones04-30

0550 GMT - Singapore's businesses seem to be taking a cautious stance in the near term, says DBS economist Chua Han Teng, pointing to mixed data in forward-looking polls by the Ministry of Manpower. Labor demand cooled in 1Q, and while there was an uptick in the number of firms intending to hire in the next three months, it was lower than in 1H 2023, he says. Intent to raise wages also fell. The manufacturing sector saw moderating retrenchments but still-weak employment. Lack of new near-term hiring was likely due to the uneven recovery and lingering global uncertainties, he tells Dow Jones Newswires. DBS expects external-led sectors to help real GDP growth recover in 2024, which would boost employment growth in 2H. (fabiana.negrinochoa@wsj.com)

(END) Dow Jones Newswires

April 30, 2024 01:50 ET (05:50 GMT)

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Lack of new near-term hiring was likely due to the uneven recovery and lingering global uncertainties, he tells Dow Jones Newswires. DBS expects external-led sectors to help real GDP growth recover in 2024, which would boost employment growth in 2H. 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Singapore's businesses seem to be taking a cautious stance in the near term, says DBS economist Chua Han Teng, pointing to mixed data in forward-looking polls by the Ministry of Manpower. ...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"SG9999002604.SGD","symbol_name":"LionGlobal Singapore/Malaysia SGD","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2431355255","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2431355255","pubTimestamp":1714456200,"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Copyright (c) 2024 Dow Jones & Company, Inc.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"SG9999002604.SGD":"LionGlobal Singapore/Malaysia SGD","SG9999014492.USD":"NIKKO AM ASEAN EQUITY \"A\" (USD) ACC","LU0543330483.HKD":"TEMPLETON ASIAN GROWTH \"A\" (HKD) ACC","SG9999002562.SGD":"LionGlobal Asia Pacific SGD","SG9999005177.SGD":"Legg Mason Martin Currie - 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Labor demand cooled in 1Q, and while there was an uptick in the number of firms intending to hire in the next three months, it was lower than in 1H 2023, he says. Intent to raise wages also fell. The manufacturing sector saw moderating retrenchments but still-weak employment. Lack of new near-term hiring was likely due to the uneven recovery and lingering global uncertainties, he tells Dow Jones Newswires. DBS expects external-led sectors to help real GDP growth recover in 2024, which would boost employment growth in 2H. (fabiana.negrinochoa@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  April 30, 2024 01:50 ET (05:50 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Singapore Labor Data Suggests Some Caution in Hiring -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSingapore Labor Data Suggests Some Caution in Hiring -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2024-04-30 13:50</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0550 GMT - Singapore's businesses seem to be taking a cautious stance in the near term, says DBS economist Chua Han Teng, pointing to mixed data in forward-looking polls by the Ministry of Manpower. Labor demand cooled in 1Q, and while there was an uptick in the number of firms intending to hire in the next three months, it was lower than in 1H 2023, he says. Intent to raise wages also fell. The manufacturing sector saw moderating retrenchments but still-weak employment. Lack of new near-term hiring was likely due to the uneven recovery and lingering global uncertainties, he tells Dow Jones Newswires. DBS expects external-led sectors to help real GDP growth recover in 2024, which would boost employment growth in 2H. (fabiana.negrinochoa@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  April 30, 2024 01:50 ET (05:50 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SG9999002604.SGD":"LionGlobal Singapore/Malaysia SGD","SG9999014492.USD":"NIKKO AM ASEAN EQUITY \"A\" (USD) ACC","LU0543330483.HKD":"TEMPLETON ASIAN GROWTH \"A\" (HKD) ACC","SG9999002562.SGD":"LionGlobal Asia Pacific SGD","SG9999005177.SGD":"Legg Mason Martin Currie - Southeast Asia Trust A Acc SGD","SG9999001846.SGD":"Schroder Asian Equity Yield A Dis SGD","SG9999014302.SGD":"RHB Singapore Income Fund SGD","SG9999000475.SGD":"Aberdeen Standard Singapore Equity SGD","SG9999013486.USD":"LIONGLOBAL SINGAPORE DIVIDEND EQUITY (USD) INC A","LU0128522157.USD":"TEMPLETON ASIAN GROWTH \"A\" ACC","LU0048573645.USD":"富达东盟基金","LU0084288322.USD":"Natixis Asia Equity RD USD","LU0251143029.SGD":"Fidelity ASEAN A-SGD","LU0488056044.USD":"Allianz Asian Multi Income Plus Cl AM DIS USD","LU0384037296.USD":"ALLIANZ ASIAN MULTI INCOME PLUS \"AT\" (USD) ACC","SG9999004220.SGD":"Nikko AM Shenton Asia Dividend Equity Fund  SGD","LU0210637038.USD":"HSBC GIF THAI EQUITY \"AD\" INC","LU1282649810.SGD":"Allianz Asian Multi Income Plus Cl AMg DIS H2-SGD","LU1282649067.USD":"ALLIANZ ASIAN MULTI INCOME PLUS \"AMG\" (USD) INC A","SG9999000459.SGD":"Aberdeen Standard Pacific Equity SGD","SG9999014484.SGD":"Nikko AM ASEAN Equity Fund A SGD","LU0762540952.USD":"HSBC GIF MANAGED SOLUTIONS ASIA FOCUSED INCOME \"AC\" (USD) ACC","LU0532188223.SGD":"JPMorgan Funds - ASEAN Equity A (acc) SGD","SG9999016042.SGD":"Schroder Singapore Trust A Acc SGD","LU0029875118.USD":"TEMPLETON ASIAN GROWTH \"A\" INC","SGXZ27511609.SGD":"NIKKO AM SINGAPORE DIVIDEND EQUITY \"SGD\" (SGD) ACC","SG9999003826.SGD":"日兴资管新加坡股息基金 SGD","BK6112":"综合性银行","D05.SI":"星展集团控股","LU0873338254.USD":"FULLERTON LUX FUNDS - ASIA GROWTH & INCOME EQUITIE \"I\" (USD) INC","LU0577902611.USD":"FULLERTON LUX FUNDS - ASIA GROWTH & INCOME EQUITIE \"A\" (USD) ACC","SGXZ58947870.SGD":"LIONGLOBAL SINGAPORE DIVIDEND EQUITY (SGDHDG) INC","LU0630378429.USD":"HSBC GIF ASIA PACIFIC EX JAPAN EQ HD \"AM2\" (USD) INC","SG9999001127.SGD":"United Singapore Growth Fund SGD","SG9999002620.SGD":"LionGlobal South East Asia SGD","LU0557290698.USD":"施罗德环球可持续增长基金","SG9999004360.SGD":"Nikko AM Shenton Thrift Fund SGD","BK6516":"银行与投资服务概念","LU0898667661.SGD":"JPMorgan Funds - Asia Pacific Income A (mth) SGD-H","SG9999003800.SGD":"Nikko AM Global Dividend Equity Acc SGD-H","LU0577902298.EUR":"FULLERTON LUX FUNDS - ASIA GROWTH & INCOME EQUITIE \"I\" (EUR) ACC","SG9999013460.SGD":"LionGlobal Singapore Dividend Equity Fund SGD","BK6523":"ESG概念","LU0831093199.SGD":"HSBC GIF MANAGED SOLUTIONS ASIA FOCUSED INCOME \"AM3\" (SGDHDG) INC","SG9999001903.USD":"Aberdeen Standard Pacific Equity USD","SG9999008742.SGD":"Eastspring Investments Unit Trusts - Singapore ASEAN Equity SGD","SG9999013478.USD":"利安新加坡股息基金","SG9999006266.SGD":"MANULIFE SINGAPORE EQUITY \"A\" (SGD) ACC","LU0672654166.SGD":"FTIF - Templeton Asian Growth A (acc) SGD-H1","LU0577902454.USD":"FULLERTON LUX FUNDS - ASIA GROWTH & INCOME EQUITIE \"I\" (USD) ACC"},"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2431355255","content_text":"0550 GMT - Singapore's businesses seem to be taking a cautious stance in the near term, says DBS economist Chua Han Teng, pointing to mixed data in forward-looking polls by the Ministry of Manpower. Labor demand cooled in 1Q, and while there was an uptick in the number of firms intending to hire in the next three months, it was lower than in 1H 2023, he says. Intent to raise wages also fell. The manufacturing sector saw moderating retrenchments but still-weak employment. Lack of new near-term hiring was likely due to the uneven recovery and lingering global uncertainties, he tells Dow Jones Newswires. DBS expects external-led sectors to help real GDP growth recover in 2024, which would boost employment growth in 2H. (fabiana.negrinochoa@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  April 30, 2024 01:50 ET (05:50 GMT)\n\n\n  Copyright (c) 2024 Dow Jones & Company, Inc.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":1,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}