Finance jobs make up a significant proportion of the jobs boom enjoyed by Singapore in 2010 and "the prognosis for increased service sector employment is very good in the near term".

This is according to Jyoti Narasimhan, spokeswoman from planning consultancy IHS Global Insight, who described last year's recovery in the Asian country as "stunning and very sharp".

Out of a total of 30,600 posts created throughout the economy, 29,400 were finance jobs, indicating prospects are good for people working within the sector.

The global employment news indicates the bounce back from the recession has been more marked in Asia, with staffing issues potentially easier to resolve as economies return to growth.

Recruitment of professionals is likely to focus on service sector staff, as Ms Narasimhan points out 96 per cent of new jobs were in this industry, which may be linked to the fact Singapore is attempting to position itself as a financial leader in the region.

However, larger economies like Japan might be finding it harder to solve unemployment issues, as a pep rally was recently held in Tokyo to raise awareness of the problem, according to The Associated Press.

Posted by Lee Thrace