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Monster index edges up

October 02 2008

The Monster Worldwide Inc. (NASD: MNST) employment index rose one point to 160 in September from August. However, the index was still down 26 points from its September 2007 reading of 186.

"The modest rise in the Monster employment index in September reflects the typical pick up seen in overall recruitment activity during the outset of the fall hiring season," said Jesse Harriott, VP of research at Monster. "Although the index is down 14% year-on-year, there are some bright spots, including increased online demand for occupations in public administration and healthcare."

Monster's index is based on a review of online job ads.

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