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The Monster Worldwide Inc. employment index of online job demand fell three points in July after five consecutive months of increases. However, July's index reading of 138 is still 24 points above the July 2009 reading of 114.
"The Monster employment index monthly contraction in July was in line with seasonal expectations considering the summer months tends to be a slower period for recruitment activity," said Jesse Harriott, senior VP and chief knowledge officer at Monster Worldwide. "Year-over-year growth remained unchanged between June and July. The fact that hiring is more robust than a year ago points to a general improvement in the nation's hiring conditions as the economy continues its slow but steady recovery."
Monster's index is based on a review of online job ads taken from a selection of Web sites, including Monster.