Friday, July 2, 2010

Monster Index

Right before the BLS employment data, a chart of the Monster Employment Index. (*)

Monster Employment Index

The index is now back to 141, where it last was almost two years ago (November 2008 = 143).  The year-on-year comparisons are quite strong (+21%) but the absolute level of job demand remains quite weak versus the all time high readings reached in 2007.  Still, it is a sign that the private-sector labor market has stopped deteriorating and is showing tentative signs of  demand.

Note that this index is not seasonally adjusted.

(*) "A broad and comprehensive monthly analysis of U.S. online job demand conducted by Monster Worldwide, Inc. Based on a real-time review of employer job opportunities culled from a large, representative selection of corporate career sites and job boards, including Monster, the Monster Employment Index presents a snapshot of employer online recruitment activity nationwide."

1 comment:

  1. Maybe it's just all those state workers looking for work in the private sector:

    Minimum Wage For California State Employees? Schwarzenegger Calls For Cuts

    SACRAMENTO, Calif. — Gov. Arnold Schwarzenegger's order to pay 200,000 state workers just the minimum wage sent a signal to California lawmakers: In the impasse over closing California's $19 billion budget deficit, Schwarzenegger is ready to play hardball.