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Monster Index Inches Upward

October 07 2011

Monster’s U.S. employment index ticked up one point in September, following a three-point gain in August, Monster Worldwide Inc. announced today. The index stands at 148. On an annual basis, the index rose 10 points from a reading of 138 in September 2010.

“The index maintained its positive annual growth, driven by continued pace of recruitment activity across a wide range of sectors. Particularly strong were retail, which typically sees some pick-up in September, and IT, which saw an acceleration in demand for software and telecommunications specialists,” said Jesse Harriott, senior vice president and chief knowledge officer at Monster Worldwide. “Meanwhile, public administration continues to weigh down the overall index with its steepest year-over-year decline.”

All metro markets tracked by the index showed positive annual growth. Commerce-related retail and wholesale trade sectors showed robust growth, however, public administration registered a steep annual decline of 29 percent, its lowest level in the index’s history.

The index is based on a review of online job ads taken from a selection of websites, including Monster.com.

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