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Monster index rises over month

September 04 2008

The Monster Worldwide Inc. (NASD: MNST) employment index rose two points month-over-month in August to a reading of 159. Still, the index was down 14 points from its August 2007 reading of 186.

"Employers are now stepping up their online recruitment efforts in preparation for the fall hiring season, but activity in the job market remains muted compared to a year ago," said Jesse Harriott, VP of research at Monster.

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

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