Monster US online jobs index down two points in Oct

NEW YORK, Nov 4 (BestGrowthStock) – A monthly gauge of online labor
demand in the United States dropped two points in October but
rose 13 percent compared to 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 fell to 136 points
in October from 138 in September.

In year-over-year terms, this marked the ninth consecutive
month of growth. However, the pace of growth has slowed since
the summer, when the index rose 21 percent compared to a year
earlier.

“Despite the contraction in the annual growth rate,
expansion continues in a sustained manner for several large
industries and markets over the long term,” said Jesse
Harriott, a vice president at Monster.

“Conditions also continue to be favorable across the
country, with opportunities rising above the levels they were
last year in all major metro markets monitored by the Index,”
he said.

The Monster index registered increases in 10 of 20
industries and eight of 23 occupations monitored in the last
month.

Online job demand was higher in one of the nine U.S. census
regions and 13 of the 28 major metropolitan markets monitored
by the index.

For example, New York maintained a relatively rapid 17
percent annual growth pace in October, while the District of
Columbia was the only location to register an annual decline.

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 443,000 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.
(Reporting by Edith Honan; Editing by Chizu Nomiyama)

Monster US online jobs index down two points in Oct