• Most Popular
  • Most Shared

Monster U.S. online jobs index edges up in August

NEW YORK
Thu Sep 4, 2008 12:31am EDT

NEW YORK (Reuters) - A monthly online gauge of labor demand in the United States rose slightly in August from the prior month but was 14.5 percent down from a year ago, a private research group said on Thursday.

Stocks  |  Global Markets

Monster Worldwide Inc, an online careers and recruiting firm, said its employment index rose to 159 points in August from 157 in July. The August reading compares to a level of 186 a year ago.

The slight rise in August over July was due in part to growth in job offerings from utilities companies and the arts, entertainment and recreation sector, Monster said.

"Employers are now stepping up their online recruitment efforts in preparation for the fall hiring season but activity in the job market remains muted compared to a year ago," said Jesse Harriott, a vice president at Monster.

The Monster report comes ahead of the ADP National Employment report, expected to show later on Thursday the private sector shed 30,000 jobs in August, and the U.S. Labor Department's release of weekly initial claims for jobless benefits, expected at 425,000 --the same figure as the prior week-- according to separate Reuters polls of economists.

The Monster index registered increases in 14 of 20 industries and 13 of 23 occupations in the last month.

Online job demand was higher in seven of the nine U.S. census regions, with the West North Central registering the largest increase.

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 Rodrigo Campos; Editing by Leslie Adler)



More from Reuters

Joint Terminal Attack Controller SSgt Clinton J. Herbison, a U.S. Airman from the 817 Expeditionary Air Support Operations Squadron (EASOS) takes a break during a night mission near Honaker Miracle camp at the Pesh valley of Kunar Province August 12, 2009. Credit: REUTERS/Carlos Barria

Pictures of the Year

A look at the best photos of 2009.  Slideshow 

    The Dalai Lama jokes with a nasal spray after being asked his opinion on the swine flu during a press conference after his first lecture in Lausanne, Switzerland, August 4, 2009. REUTERS/ Valentin Flauraud

    What a wacky year it's been...

    Um, what's up the Dalai Lama's nose? "Oddly Enough" editor Bob Basler rounds up the goofiest photos of the year.  Full Article 

    A caution sign is seen next to a stock board at the Australian Securities Exchange (ASX) in Sydney September 5, 2008. REUTERS/Daniel Munoz
    Political Risk in 2010:

    Don't say we didn't warn you

    With the financial crisis (mostly) in the past, U.S. investors are eying a fresh start to the coming year. Here's a look at what speedbumps lie ahead.  Full Article