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.

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