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The Monster Worldwide Inc. (NASD: MNST) employment index fell six points month-over-month in July to a reading of 157. The index was down 26 points from its year-ago reading of 183.
"The decline in U.S. online recruitment activity during July is likely due in part to the seasonal summer slowdown that is typical of this time of year," said Jesse Harriott, VP of research at Monster. "However, the breadth and depth of the contraction in July also suggests further softness in the country's underlying demand for labor."
Monster's index is based on a review of online job ads.