Has the hiring boom plateaued?

TodayOnline reports that, despite last year's record addition of 235,000 new jobs in Singapore, growing international economic concerns are causing some workers to not see the benefits of employment growth. Unemployment rates and downsizing are starting to rise slightly in July and many are finding that their applications and salaries are being impacted.

Inflation is affecting the actual pay of many, especially those who haven't seen a pay increase in a year or more, and others are finding that they are applying for many positions-with no positive results.

Corporations are being more cautious about adding staff, taking a "wait and see" approach to the economy and taking more time in making their hiring choices.

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