Singapore – A new report from Indeed notes that job opportunities utilising generative artificial intelligence (AI) are increasing in Singapore, with one in every 490 Singapore job postings are related to generative AI recorded by end of August.
Callam Pickering, APAC senior economist at Indeed, said, “The number may not seem like a big number but it is rapidly increasing. Artificial intelligence is hardly new but it continues to evolve. This year, we’ve seen the emergence of large language models, such as ChatGPT, which create the illusion of real intelligence. These tools have the potential to fundamentally change the future of work and are already being incorporated into many Singapore jobs.”
The data also noted that Singapore job postings fell 1.9% in August compared with a month earlier – the tenth consecutive monthly decline – which left postings almost 20% lower than a year ago.
While Singapore job postings are at their lowest level since August 2021, they are still 63% above their level prior to the pandemic.
Moreover, postings in 16% of occupational categories have increased over the past three months, led by strong gains in veterinary (+59%), physicians & surgeons (+42%) and pharmacy roles (+27%).
By comparison, declines have been widespread, with postings in beauty & wellness and civil engineering both down by around 21% over the past three months. Sizable declines were also observed in legal, cleaning & sanitation, chemical engineering and driving roles.
“Singapore’s labour market remains incredibly tight, with unemployment low and job vacancies still elevated. Nevertheless, job postings continue to moderate, having fallen for ten consecutive months. These declines have been broad-based, reflecting most occupational categories. A more challenging economic environment will likely lead to a further decline in job postings over the remainder of the year,” Pickering concluded.
