Employment Index Makes Monster Jump

Wednesday we pointed to three reports that reflect job market improvement. On Thursday another encouraging sign emerged.

The Monster Employment Index for August was released. It recorded its highest monthly rate of improvement in four years spiking 6% higher than its July reading. The report — produced monthly by the popular online jobs bulletin board — registered increased job availability in a majority of industries, occupations, and regions.

The Monster Employment Index is a dynamic gauge of U.S. job demand based
on a real-time review of millions of employer work opportunities selected from a large representative sampling of corporate career Web sites and job boards, including Monster’s own listings.

During August positive indications were broad based with online job postings rising in 15 of the Index’s 20 industry sectors and 18 of the 23 occupational categories monitored by Monster.

In an press release, Monster’s senior Vice President Jess Harriott reflected on the report: “The significant jump in the Monster Employment Index in August offers encouraging signs of improvement in the US economy with the demand for managers and professionals as well as sales and office workers picking up in time for the fall hiring season.”

Indeed we would agree that the second half of 2009 will be characterized by surprisingly strong economic growth.

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