The Monster Employment Index (MEI) for the Philippines registered a 46% year-on-year decline in online recruitment activities between November 2014 and November 2015.

This decline in online hiring is faster than the 30% year-on-year decrease for the previous month in October and the 16% drop the month prior.

Overall, none of the industry sectors measured by the MEI experienced positive annual growth for November 2015.  

The Banking Financial services and Insurance industry (BFSI) registered the least year-over-year decline at -3%, while the Production/Manufacturing, Automotive and Ancillary sector fared the worst at -68%. Customer Service jobs experienced the least decline at -9%, while Hospitality & Travel jobs reported the steepest decline at -64%.