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Monster jobs index surges seven points

September 03, 2009
Staffing Industry Analysts North American Daily News

The Monster Worldwide Inc. employment index rose seven points in August from July to a reading of 121, posting its highest monthly rate of improvement in four years, Monster Worldwide Inc. reported.

"The significant jump in the Monster employment index in August offers encouraging signs of improvement in the U.S. economy with the demand for managers and professionals as well as sales and office workers picking up in time for the fall hiring season," said Jesse Harriott, senior VP and chief knowledge officer at Monster Worldwide. "The index is now at its highest since February while showing the most moderate yearly rate of contraction since December 2008."

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