Thursday, September 02, 2010

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. 

12 Comments:

At 9/02/2010 8:25 AM, Blogger morganovich said...

Private sector employment decreased by 10,000 from July to August on a seasonally adjusted basis, according to the latest ADP National Employment ReportĀ® released today. The estimated change of employment from June to July was revised down slightly, from the previously reported increase of 42,000 to an increase of 37,000.

 
At 9/02/2010 10:47 AM, Blogger juandos said...

Meanwhile the Department of Labor is reporting: In the week ending Aug. 28, the advance figure for seasonally adjusted initial claims was 472,000, a decrease of 6,000 from the previous week's revised figure of 478,000. The 4-week moving average was 485,500, a decrease of 2,500 from the previous week's revised average of 488,000.

The advance seasonally adjusted insured unemployment rate was 3.5 percent for the week ending Aug. 21, unchanged from the prior week's unrevised rate of 3.5 percent.(there's a bit more)

Funny but that doesn't sound like monster numbers to me...

What am I missing?

 
At 9/02/2010 11:05 AM, Blogger Benjamin said...

Why are all these charts heading down now?

Time for the Fed to stop emulating Neville Chmaberlain. Get aggressive, do some serious Quantitative Easing.

 
At 9/02/2010 11:21 AM, Blogger sethstorm said...

They don't track completions, just the amount placed. Inflated qualifications and all that stuff that needs to end.

 
At 9/02/2010 11:39 AM, Blogger Paul said...

"Time for the Fed to stop emulating Neville Chmaberlain. Get aggressive, do some serious Quantitative Easing."

One Note Benji, none of these Fed funny money schemes are going to help while your boyfriend and his jerkoff advisers continue their war on capitalism.

 
At 9/02/2010 12:10 PM, Blogger juandos said...

Paul says: "One Note Benji, none of these Fed funny money schemes are going to help while your boyfriend and his jerkoff advisers continue their war on capitalism"...

We were warned about the Manchurian Candidate...

 
At 9/02/2010 12:40 PM, Blogger Benjamin said...

The feeble Japaners at the Fed may realize their wet dream of zero inflation, but it will come at a cost--like the 75 percent decline in stocks and property marets that is Japan.

This has nothing to do with poltics. BTW, Reagan edged out the Carter appointee Volcker to get Greenspan in. The Reagan years were great years.

 
At 9/02/2010 12:40 PM, Blogger sethstorm said...

This comment has been removed by the author.

 
At 9/02/2010 12:43 PM, Blogger sethstorm said...


We were warned about the Manchurian Candidate...


As bad as President Obama may be, that's nothing more than a Bloomberg attack piece. They aren't a sacred cow, immune from any criticism or attack.

If anything, it's the employers that aren't hiring (or are throwing inflated qualifications) that are the problem. Blame the ones that inject politics into HR, and feign being the "starving businessman".

 
At 9/02/2010 5:44 PM, Blogger Paul said...

"BTW, Reagan edged out the Carter appointee Volcker to get Greenspan in. The Reagan years were great years."

For the millionth time, Benji, Paul Volcker left the Fed in 1987.

You getting this?

1987. 1987. 1987. 2 years before Reagan himself left office.

Now go and look up when the Reagan expansion began.

 
At 9/03/2010 6:48 AM, Blogger juandos said...

sethstorm that alledged IT person without a job claims: "As bad as President Obama may be, that's nothing more than a Bloomberg attack piece. They aren't a sacred cow, immune from any criticism or attack"...

So sethstorm that alledged IT person, are you saying Kevin Hassett was lying in his opinion piece?

'If' so where is your credible information to back up your statement?

 
At 9/04/2010 1:20 AM, Blogger bobble said...

so the monster employment index is back to where it was in 2005. why is that so great?

 

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