Singapore entry-level job market contracts 3.2% despite 2.5% salary growth

Aon data shows Singapore entry-level headcount fell 3.2% year-on-year while starting salaries rose 2.5%, signaling a tightening labor market for fresh graduates. The divergence suggests employers are paying more for fewer roles, likely due to automation and restructuring. This may pressure household formation and consumption, but the macro impact is moderate.