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The Monster Worldwide Inc. (NYSE: MWW) employment index rose four points to a reading of 122 in February. The index remains down 43 points from its February 2008 reading.
"The gain in the February index is the first since October of 2008, but is a typical pattern seen historically as we move from January to February and companies start their recruiting efforts in earnest," said Jesse Harriott, senior VP and chief knowledge officer at Monster Worldwide. "The annual growth rate for the index is still negative year-over-year, suggesting that labor market conditions remain well below the hiring demand of 2007 and early 2008."
Monster's index is based on a review of online job ads taken from a selection of corporate career Web sites and job boards, including Monster.