The Monster Blog
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Posted: 02 Sep 2011 12:37 PM PDT
The Labor Department is reporting that, in August, the United States failed to add any new jobs (the unemployment rate is holding at 9.1%). This is the most disappointing unemployment report since September 2010, then the Labor Department reported a slight decline.
But this is just one measure of the country's jobs-related health. The Monster Employment Index (MEI), a monthly, real-time review of millions of job opportunities posted on online job boards and corporate career sites, rose to 147 points last month (from 144 in July). The index was also up 8.1 percent from a year ago. "We're seeing continued measured growth. It's encouraging," said Jesse Harriott, a Monster senior vice president. Harriott added that there was no evidence of companies cutting back on hiring due to recent economic turbulence (however, it could take one to two months for that impact to have an effect). The index showed annual growth in 16 of the 20 industries tracked, and 19 of the 23 occupations monitored last month. Some top industries were: Transportation and Warehousing (up 27 percent) maintained its second spot amidst sectors, driven by ongoing escalation in demand for workers in logistics, drivers, sales, and informatics workers. Information (up 19 percent) and Professional, Scientific, and Technical Services (up 16 percent) saw increased demand for computer and mathematical occupations in particular. |
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