Latest Monster Employment Index Reflected Continued Optimism in Job Market

April 8, 2010 – The Monster Employment Index (MEI), a monthly analysis of millions of online job opportunities culled from a large, representative selection of corporate career sites and job boards, rose one point in March, as employers continued to expand hiring efforts at the end of the first quarter. The annual growth rate in the MEI accelerated in March, with the current online demand level six percent above where it was a year ago. “We're encouraged by the positive uptick in the Index in the past two months,” said Jesse Harriott, senior vice president and chief knowledge officer at Monster Worldwide. “The Index results may be a signal that companies intend to start hiring again. While the labor market continues to be challenging for those looking for work, we are encouraged to see early signs of what may be a return to consistent job growth.” Construction led all industries on a month-over-month basis with an 11-point gain in March. Public administration; information; and professional, scientific, and technical services saw a decline in online job demand in March, in contrast with the usual initiation of recruitment cycles that have historically been seen in early springtime.

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