Tuesday, June 7, 2011

Monster Index Shows Escalation of Recruitment Activity Overall

Mark J. Perry submits:
The Monster Employment Index for the U.S. was released yesterday, and showed a positive annual gain of 7% in May, marking the 16th straight month of a year-over-year gain for online job demand. Other highlights include:
1. 14 of the 20 industries monitored by the Index showed positive annual growth trends, with the strongest gains in mining/oil and gas extraction (+62%, the "drill, drill, drill" effect), utilities (+35%), wholesale trade (+17%), and retail trade (+15%). The weakest industry was public administration, which had a -18% decline in online job demand.

2. 27 of the 28 metro markets recorded positive annual online job demand growth in May. Detroit (+38%) had the highest gain in May, followed by Cleveland, Minneapolis and Cincinnati (+27% for all three) and Chicago (+24%). Washington, D.C. (-2%) continued to be the only market to decline on an annual basis, driven by weakness in public sector hiring.


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