July Monster Employment Index Grows 21% vs. Last Year, 6th Consecutive Month of Positive Growth
From today's Monster Employment report for July:
1. July's year-over-year growth rate of 21% held steady from the 20.5% annual growth in June, suggesting no significant change in underlying demand for labor nationwide.
2. July was the sixth consecutive month of annual growth in online job availability, and the 21% annual growth rate in July was the highest since July 2006 (see chart).
3. The Index dropped 3 points in July from June as online job availability eased with a decrease in summer hiring activity.
4. Education and public administration saw large growth in online job demand following relatively tempered springtime hiring activity.
5. Manufacturing and transportation and warehousing industries rose in July, adding to longer-term trends that reflect continued growth in overall production and commerce.
6. Amongst occupations, demand increased in some professional categories, including architecture and engineering; and life, physical, and social sciences.
7. All 28 metro markets tracked by the Index exhibited positive annual growth.