7th Monthly Gain in Monster Employment Index
"The U.S. Monster Employment Index recorded its seventh consecutive month of positive year-over-year in August at a growth rate at 12.4 percent. The annual growth rate eased from July's 21% growth possibly due to moderation in underlying job market drivers. The Index dropped two points (1 percent) in August to 136 (from 138 in July) as online job demand eased contrary to seasonal patterns traditionally witnessed at this time of the year (see chart above). Highlights include:
1. Online recruitment activity rose in six of the 20 industries between July and August. Compared to year-ago levels, 17 industries are showing positive growth trends, although at decelerated rates from July.
2. While the Monster Employment Index experienced a marginal contraction in August, several industries, occupations and all 28 metro markets including Cleveland and Detroit continue to record positive annual growth trends.