The Monster Worldwide Inc. (NYSE: MWW) employment index fell 13 points to a reading of 118 in January. It is down 42 points from a year ago.

"The fact that employers have chosen to begin recruiting in 2009 on a cautious note is not surprising given the uncertain nature of the global economy," said Jesse Harriott, senior VP and chief knowledge officer at Monster. "However, there are a few bright spots, including recruiting activity in Public Administration as well as in the Agricultural sector. Furthermore, online recruitment activity still remains higher than levels seen during 2003 after the last recession."

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