Signs of Recovery in Monster Employment Index

Monster Worldwide’s Employment Index has shown a slight dip in online recruitment activity, however a comparison with previous results reveals that this is the smallest decline in four months.

The Index surveys online job opportunities across a number of job websites including monster.com. In July, the Index fell by three points, but there were areas where the number of online job opportunities rose.

Demand for employees in the retail trade industry was shown to increase for the third month in a row, while job opportunities in the mining, quarrying and oil and gas extraction industry grew for the first time since October 2008.

At the same time, there was a decline in the number of online job opportunities in the healthcare and social assistance industry and in the agriculture, forestry, fishing, and hunting job category.

Monster Worldwide’s senior vice president and chief knowledge officer Jesse Harriott commented on the results of the Index:

“The decline in U.S. online recruitment activity at the beginning of the third quarter is likely due to a seasonal summer slowdown that is typical this time of year, with most industry and occupational categories experiencing reduced demand. Although the Index is down 27 percent year-on-year, an encouraging take-away and potential sign of stability is the fact that the Index is now showing its most moderate pace of annual contraction since February.”

These trends mirror a slowing decline in the labour market tracked by Australian jobs portal seek.com.au for July, however the news has not been so positive in the UK, where the Office for National Statistics revealed a record low in the number of job vacancies for the three months to May this year.

Related posts:

1. Monster Index Up in Europe Monster Worldwide has released its Employment Index for Europe, reporting a one point increase and the lowest annual rate of year-on-year deterioration since February at 32 percent. November saw the second consecutive month of increases in the number of online...
2. Monster Index Dips in September The Monster Employment Index as registered a slight decrease in the number of jobs advertised online in the US for September....
3. Europe Index Bounces Back After a seasonal dip of seven percent in January, Monster Worldwide's European Employment Index was up nine percent in February, reaching a seven month high. According to Monster, all regions monitored in its European Index showed solid monthly rises in...
4. Monster Index Dips in Europe Monster Worldwide's European Employment Index is down seven percent for January, but the company says this is part of an expected seasonal shift. The dip comes after the number of online job openings remained steady in December. Monster argues that...
5. SEEK Employment Index Encouraging Launched in July 2005, the SEEK Employment Index (SEEK EI) is the first Australian indicator to measure labour market supply and correlate this against labour market demand. The SEEK indicators for April 2009 appear to show signs that the pace...

Related posts brought to you by Yet Another Related Posts Plugin.