Monster US online jobs index up fourth straight month

NEW YORK, June 3 (BestGrowthStock) – A gauge of online demand for
labor in the United States rose in May for the fourth straight
month to the highest level since November 2008, a private
research group said on Thursday.

Monster Worldwide Inc (MWW.N: ), an online careers and
recruiting firm, said its employment index rose to 134 points
in May from 133 in April, indicating the demand for labor is
strengthening.

The index for May marks the highest year-over-year growth
rate since its peak in April 2007, Monster said. In May 2009,
the index stood at 118.

The index peaked at 189 in May 2007 and dropped to 143 in
November 2008.

“The sustained expansion of job opportunities, especially
in some large industries, is encouraging,” said Jesse Harriott,
senior vice president and chief knowledge officer at Monster
Worldwide.

“While some of this increase can be attributed to
seasonality, the notable improvement in annual growth rate is
the highest since April 2007 and reflects a better job market
heading into the summer months compared to this time last
year,” he said.

The healthcare and social assistance industries saw the
strongest rise in online job demand in May, while real estate,
the accommodation industry and food services all fell in May,
Monster said.

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.

Stock Market News

(Reporting by Edith Honan; Editing by Kenneth Barry)

Monster US online jobs index up fourth straight month