Thursday, August 05, 2010

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.


At 8/05/2010 7:53 AM, Blogger juandos said...

Hmmm, maybe there's been job growth but there's some mixed messaging going on...

From the Boston Globe: Food stamp use hit record 40.8m in May

Bloomberg News / August 5, 2010

The number of Americans who are receiving food stamps rose to a record 40.8 million in May as the jobless rate hovered near a 27-year high, the government reported yesterday...

At 8/05/2010 8:32 AM, Blogger morganovich said...

meanwhile, unemployment claims are up:

"The number of people applying for initial unemployment benefits jumped by 19,000 to 479,000 in the latest week to the highest level since early April, the Labor Department reported Thursday. "

At 8/05/2010 9:47 AM, Blogger juandos said...

Hey morganovich, you might get a chuckle from the Sweetness & Light blog posting regarding the unemployment numbers: AP: Glitch Makes Jobless #s Seem Higher


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