Local job opportunities in decline

Local job opportunities are decreasing despite a booming Asia Pacific (APAC) employment market, which has enjoyed a 23 percent jump in job opportunities over the last year.

Research by eFinancialCareers indicates local job opportunities have decreased by 1 percent, due to a static employment market.

According to eFinancialCareers head of Asia Pacific George McFerran, APAC can expect a decrease in job opportunities until the end of the year.

“The region has registered a strong growth of 23 percent, and going forward, we can expect recruitment demand to dwindle slightly until the end of Q4,” McFerran said.

Results showed sectors with the strongest jobs growth over last quarter were sales and marketing and risk management, up 34 percent, as well as credit.

Sectors with the lowest growth were private banking and wealth management, insurance and retail banking.

According to McFerran, the region can expect more job opportunities open up from 2012 onwards.

“Asia Pacific is still an engine of growth, so we can expect the employment market to hold up despite the current global economic market uncertainty.”