NEW YORK, March 5th, 2009 - The Monster Employment Index rose moderately in February, adding four points, as a majority of industries, occupations and regions registered increased online job availability. During February, online job availability rose in 17 of the Index's 20 industry categories and in 18 of the 23 occupational categories measured. Online demand for workers grew in 25 of the 28 major metro markets, led by Pittsburgh and Houston. However, on a year-over-year basis, the Index remained down 26%, the same annual pace observed in January.
“The gain in the February Index is the first since October of 2008, but is a typical pattern seen historically as we move from January to February and companies start their recruiting efforts in earnest. Most industries and occupations showed an increase in online recruitment activity in February as did the majority of geographical regions and major metropolitan markets. All of this suggests that traditional annual hiring cycles remain somewhat intact,” said Jesse Harriott, senior vice president and chief knowledge officer at Monster Worldwide. “The annual growth rate for the Index is still negative year-over-year, suggesting that labor market conditions remain well below the hiring demand of 2007 and early 2008.”