Monster Employment Index Up

November 4, 2011 – 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, has recorded a positive annual growth trend at 11 percent in October, demonstrating improved overall online job availability compared to October 2010. The Index edged up in October from September, driven in part by recruitment for temporary positions in the pre-holiday season. Retail trade and manufacturing record accelerated growth trends, in line with seasonal expectations. Public administration registered the steepest annual decline, dropping 30 percent year-over-year. “Employers are proceeding with hiring as planned, indicated by solid seasonal demand for temporary workers in short-term positions within the retail and manufacturing sectors,” said Jesse Harriott, chief knowledge officer at Monster Worldwide. “Overall, this demonstrates an encouraging sign for the U.S. labor market during the holiday season; however substantial job-creation has yet to occur for the economy to see pre-recessionary levels of recruitment.”

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