Monster Index Shows Continuing Employment Gains

"The U.S. Monster Employment Index recorded its eighth consecutive month of positive year-over-year growth during September with a growth rate of 16 percent (see top chart above). This is an accelerated rate from the 12 percent in the previous month, but less than the peak of 21 percent seen during June and July. The Index rose two points (1 percent) in September as online job demand partially rebounded from the August levels (see bottom chart above).

“Although we have seen the growth rate slow a bit over the last two months, it is encouraging that the Index continues to show positive year-on-year growth during 2010. This is a clear sign that employers are recruiting in greater numbers than they were a year ago and bodes well for steady, but continued improvement in the U.S. labor market,” said Jesse Harriott, senior vice president and chief knowledge officer at Monster Worldwide." 

Highlights of today's report include:

1. All major metropolitan markets tracked by the Monster Employment Index had positive annual growth in September.

2. Service related industries - health care and social assistance; and professional, scientific, and technical services rose in September.

3. Annual growth remains stable for manufacturing; and transportation and warehousing between August and September.