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Monster employment index for Oct up 13% y-o-y

However, production and manufacturing sector saw a double digit decline in terms of hiring

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The for October rose by 13% from a year ago, with shipping and marine continuing to outpace all other industries.

However, production and manufacturing sector saw a double digit decline in terms of hiring.

“The double digit gains in the Monster Employment Index reflect the confidence of Indian businesses in the current economy. Major sectors like IT, engineering, automotive, telecom, healthcare, and education have shown positive year on year growth,” said Sanjay Modi, Managing Director, Monster.com (India/ Middle- East/ South East Asia).

The Monster Employment Index India is a monthly gauge of online job posting activity based on a real-time review of millions of employer job opportunities culled from a large representative selection of career web sites and online job listings across India.

The survey went on to report that 21 of the 27 industry sectors registered expansion in activity between October’11 and October’12. While shipping/Marine (up 46%) exhibited the highest annual growth among sectors, followed by NGO/social services (up 39%), sector showed an upward trend in online recruitment activity between October ’11 and October’12, production and manufacturing was down 12%, one of the steepest annual decline.

Online recruitment activity was up on the year for 12 of the 13 locations monitored by the index. Coimbatore registered the highest annual growth rate with a growth of 49%, followed by Kochi (up 41%). Among major metro-areas, Bangalore registered the highest annual growth with 24%, whereas Ahmedabad was down 4%.

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