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The Monster Worldwide Inc. (NYSE: MWW) employment index fell 12 points to a reading of 131 in December from November. It was down 38 points compared with December 2007.
"Although some of the decline can be attributed to end-of-year seasonality, as the index has dipped every month of December since its inception, the latest results indicate that conditions in the labor market continue to deteriorate," said Jesse Harriott, senior VP and chief knowledge officer at Monster Worldwide. "A somewhat encouraging sign is the fact that the Index's year-over-year growth rate held steady in December following a drop in both of the previous months."
Monster's index is based on a review of online job ads taken from a selection of corporate career Web sites and job boards, including Monster.