The strong growth in the labour market and its bullish indicators
in 2014 show the strength and growth potentials of the second biggest Arab economy especially for highly skilled work-force, as the economy advances to more sophisticated and knowledge-based industries.
Technical indicators scored six out of a total possible score of 15 bullish indicators
, versus eight in the prior week, enough for the total category to turn bearish.
However, these bullish indicators
contrasted with a disappointing nonfarm payroll figure of 162,000 (vs expectations of 185,000) on Friday.
Investors focused on bullish indicators
, such as figures on Monday showing manufacturing employment in South Korea at the highest since January 2008, and ignored the few bearish ones, like a much larger-than-expected fourth-quarter contraction of Singapore's economy.
A real estate expert was quoted in the official media as saying bullish indicators
were present in the sector "signaling a possible significant boost" by year's end.