The data was revealed in the latest Monster Employment Index, a study carried out by recruitment firm Monster.com.
According to the study, the sector also observed an uptrend in other parameters as its online hiring inched up 2% MoM, 6% for three-month growth, and 3% on six-month growth.
The sectors lead was followed by the IT, Telecom and BPO industry, as its online hiring grew 11% YoY. There was also observed an uptrend in online hiring which was seen by other industries such as production/ manufacturing (4%), engineering, construction and real estate (3%), and oil and gas (2%).
In terms of job roles, talent in the finance and accounts field is deemed as the most in-demand, with a 7% YoY in August. The legal industry comes next with 6% annual growth in their sector’s hiring.
It wasn’t all growth however. Some sectors also experienced decline.
The hospitality sector posted the largest one as online hiring dropped 5%YoY. Other sectors such as education and healthcare also saw a slip in online hiring — namely 4% and 3% respectively.
The healthcare sector overall had a drop in their roles and responsibilities—which dropped 12% YoY. Other sectors also saw declining demands including hospitality and travel, real estate, HR and admin, and supply chain— with drops of 6%,6%,4% and 2% respectively.
Abhijeet Mukherjee, CEO for APAC for Monster.com, stated: “With restructuring picking up pace amidst rapid advances in automation and artificial intelligence, jobs and skills mismatches will continue to be a challenge for the labour market.”