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Monster index jumps seven points

May 01 2008

The Monster Worldwide Inc. (NASD: MNST) employment index rose seven points in April to a reading of 174 from 167 in March. Still, it remained 12 points lower than April 2007's reading of 186.

"While the Monster employment index registered its strongest single month gain in over 12 months, the increase was largely seasonal in nature and U.S. online recruitment activity remains softer compared to a year ago," said Jesse Harriott, VP of research at Monster Worldwide. "At the same time, the index's three-month growth trend, combined with its slightly improved year-over-year growth rate, is an encouraging sign of stabilization in the U.S. labor market."

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

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