NEW YORK Nov 4 A monthly gauge of online labor
demand in the United States rose in October, helped in part by
holiday season job openings, a private research group said on
Monster Worldwide Inc , an online careers and
recruiting firm, said its employment index rose 2 percent to
151 points last month from 148 in September. The index was up
11 percent from 136 a year ago.
Job demand in the retail trade sector jumped 26.2 percent
from October last year. Meanwhile, in the government sector
where budgets are being cut at a state and local level, job
openings were down nearly 30 percent from last year.
"It does appear that businesses are proceeding with their
seasonal hiring as we would expect them to be doing," said
Jesse Harriott, a senior vice president at Monster.
"So despite that there are a lot of macroeconomic
indicators and buzz that things are not going so well, the
underlying data, at least from a labor market perspective, are
suggesting it's not as bad as people think."
The index saw annual growth in 15 of the 20 industries and
19 of the 23 occupations monitored last month. As well, all of
the 28 metro markets were up from a year ago.
The report was another look at the jobs market ahead of the
non-farm payrolls report due later on Friday. The economy is
likely to have added 95,000 jobs last month, while the
unemployment rate is seen holding steady at 9.1 percent.
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.