February 2010 Index Highlights
- Index rises by ten points in February, as employers resume recruitment
activity following January’s seasonal lull
- Year-on-year growth rate now up a positive 2 percent, with online demand
rising above year-earlier levels
- Offerings in information; professional, scientific, and technical services rise,
while utilities and retail decline
- Online job demand rises in all of the 28 major metro markets monitored
by the Index, with Detroit showing strongest monthly gain
Summary Overview
The Monster Employment Index rose by ten points in February, as employers resumed
hiring activity after January’s seasonal lull. The long-term growth rate turned positive,
with the Index up 2 percent year-on-year, for the first time since December 2007
suggesting some improvement in the underlying demand for labor.
“Although some of the increase in the February Index can be attributed to
seasonality, a rise in hiring for sectors like manufacturing, transportation and wholesale
trade offers an encouraging sign of increased investment and business activity,” said Jesse Harriott, senior vice president and chief knowledge officer at Monster Worldwide.““The
fact that we are seeing a year-over-year increase in the Index may be an early indication
that companies are stepping up recruiting efforts and will begin hiring again.”
For the full report, please click on the link provided above.
MEI Local Reports
In addition to national, industry, occupation and regional data, the Monster Employment Index presents a snapshot of employer online recruitment activity in the 28 largest U.S. metro markets in terms of working population. The local results are broken down by occupation and are published at the same time as the national Index. Use the links below to see specific local market findings from the Index:
About the Monster Employment Index
Launched in April 2004 with data collected since October 2003, the Monster Employment Index is a broad and comprehensive monthly analysis of U.S. online job demand conducted by Monster Worldwide, Inc. Based on a real-time review of millions of employer job opportunities culled from a large, representative selection of online career outlets, including Monster®, the Monster Employment Index presents a snapshot of employer online recruitment activity nationwide. The Monster Employment Index’s underlying data is validated for accuracy by Research America, Inc. – an independent, third-party auditing firm – to ensure that measured online job recruitment activity is within a margin of error of +/- 1.05%. Data for the month of March will be released on April 1, 2010.
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