BusinessWorld Online Edition: US online job index records sixth straight monthly rise

NEW YORK — A monthly gauge of online labor demand in the United States grew 21% in July from its position a year ago, marking the sixth straight month of annual growth, a private research group said yesterday.

Monster Worldwide, Inc., an online career and recruiting firm, said its employment index rose to 138 points in July from 114 points during the year-earlier month. The index was down from 141 points in June.

Monster said its index of intent to hire, based on online job postings, had fallen from June to July every year since 2003. It attributed the fact to a routine summer hiring dip.

“The fact that hiring is more robust than a year ago points to a general improvement in the nation’s hiring conditions as the economy continues its slow but steady recovery,” Jesse Harriott, vice-president at Monster, said.

“The Monster Employment Index monthly contraction in July was in line with seasonal expectations considering the summer months tend to be a slower period for recruitment activity,” he said.

The Monster data precede the US government’s monthly jobs report which was expected to show nonfarm payrolls fell for a second straight month in July, reflecting the unwinding of census hiring.

Online recruitment activity in eight of the 20 industries monitored by the Monster index grew from June to July, while in 18 industries there was growth since July 2009, Monster said. From June to July, part-time and contract jobs saw an increase in demand, while real estate remained the index’s weakest sector, Monster said. — Reuters

via BusinessWorld Online Edition: US online job index records sixth straight monthly rise.


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