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. 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.
The Monster Employment Index is a monthly gauge of U.S. online job demand based on a real-time review of millions of employer job opportunities culled from a large representative selection of corporate career Web sites and job boards, including Monster.com®.
September 2010 Index Highlights:
• All major metropolitan markets tracked by the Index exhibit positive annual growth
• Service related industries - health care and social assistance; and professional, scientific, and technical services rise in September
• Annual growth remains stable for manufacturing; and transportation and warehousing between August and September
I don't know about you, but I am getting increasingly frustrated by all of these contradictory data points. First the ASA weekly index showed improvement, but then the ADP report was weak, and now we have a positive Monster Employment report. No wonder investors are so uncertain about the economy. From the press release: