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The Monster Worldwide Inc. (NYSE: MWW) employment index rose two points in April to a reading of 120 from its March reading of 118. The index was still down 54 points year-over-year in April.
"April's rise in online recruitment activity was in line with seasonal expectations and suggests that the pace of slowdown in the U.S. labor market is moderating," said Jesse Harriott, senior VP and chief knowledge officer at Monster Worldwide.
Monster's index is based on a review of online job ads taken from a selection of corporation career Web sites and job boards, including Monster.