Monster US online jobs index dips in November

NEW YORK, Dec 2 (BestGrowthStock) – A monthly gauge of online labor
demand in the United States fell in November, but was up 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 fell to 134 points
in November from 136 in October. The November reading is 13
percent higher than the year-ago reading, marking the 10th
consecutive month of year-over-year growth.

The monthly dip in November demand was due in part to
weakness in the finance and insurance sector, which dropped 4
percent from a year ago, Monster said.

The November decline could reflect in part a seasonal
drop-off in job availability, said Jesse Harriott, a vice
president at Monster.

“The outlook, however, continues to be one of modest
recovery with job availability generally higher over the year
across most sectors as we approach 2011,” Harriott said in a

The Monster index showed increases in 17 of 20 industries
and 18 of 23 occupations.

The retail trade industry was up 22 percent from a year
ago, due to robust demand for seasonal workers in advance of
the holiday sales period, Monster said.

The mining, quarrying, oil and gas extraction industry
was up 49 percent, Monster said.

Online job demand was higher in all 28 metro markets
ministered by Monster.

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.
(Reporting by Edith Honan; Editing by Leslie Adler)

Monster US online jobs index dips in November