Monster US online jobs demand index ticks up in March

NEW YORK, April 1 (BestGrowthStock) – A monthly gauge of online
labor demand in the United States edged up in March and is near
6 percent above the reading from a year ago, a private research
group said on Thursday.

Monster Worldwide Inc (MWW.N: ), an online careers and
recruiting firm, said its employment index rose to 125 points
in March from 124 in February, its highest reading since the
131 hit in December 2008. The current month’s reading is 5.9
percent above the 118 mark a year ago.

The monthly rise in March demand was due in part to growth
in job offerings from construction companies, Monster said.

“While the labor market continues to be challenging for
those looking for work, we are encouraged to see early signs of
what may be a return to consistent job growth,” said Jesse
Harriott, a vice president at Monster.

The Monster index registered increases in 12 of 20
industries and 13 of 23 occupations monitored in the last
month.

Online job demand was higher in four of the nine U.S.
census regions, with the Pacific and Mid Atlantic registering
the largest increases.

The report comes ahead of the U.S. Labor Department’s
release of weekly initial claims for jobless benefits, due
later on Thursday and expected at 440,000 according to a
Reuters poll of economists.

The Monster Employment index is a monthly analysis based on
a selection of corporate career sites and job boards. The
margin of error is approximately plus or minus 1 percent.

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(Editing by Andrew Hay)

Monster US online jobs demand index ticks up in March