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Monster index rises for fifth month

July 01, 2010

The Monster Worldwide Inc. employment index of online job demand rose seven points in June -- its fifth consecutive month of increases -- to a reading of 141 from May's reading of 134.

Monster's index rose 24 points in June on a year-over-year basis -- its highest annual growth rate since September 2006.

"Several industries and occupations are now displaying several months of positive growth trends in the Monster employment index and this would indicate some fundamental strengthening in these areas," said Jesse Harriott, senior VP and chief knowledge officer at Monster Worldwide. "While substantial job creation has yet to occur to reduce the existing levels of unemployment and underemployment, job availability is improved from where it was a year ago."

Monster's index is based on a review of online job ads taken from a selection of Web sites, including Monster.