The Monster Worldwide Inc. (NASD: MNST) employment index fell eight points in May to a reading of 166, ending a three-month trend of increases. The index was down 23 points from its year-ago reading of 189.

"After three months of steady growth, the decline in the Monster employment index in May suggests further moderation in the job market resulting from a generally softer economic outlook," said Jesse Harriott, VP of research at Monster Worldwide. "Certain sectors, such as food, healthcare, natural resources, public administration, military and utilities are still showing strong demand for workers."

The index is based on a review of online job ads.