Auto sector accelerates hiring activity by 21% in April: Report

Healthy job creation in auto, construction and engineering sectors accelerated the country's hiring activity by 21 per cent in April 2018 in comparison to the corresponding period of last year, a report by job wesite Naukri.com said on Wednesday.

According to the Naukri JobSpeak Index, the 21 per cent rise came on the back of a 11 per cent slump in hiring activity experienced in April 2017 due to the impact of macroeconomic factors on the job market.

As per the report, unlike 2018, last year economic reforms led to unpredictable nature of the job market.

Commenting on the report, Naukri.com's Chief Sales Officer V. Suresh said: "The Job Speak index continues to surge ahead and move north with a 21 per cent YOY growth in April."

"This positive sentiment is line with our earlier predictions and the growth observed in the first three months of 2018.This heralds a good start to the new financial year with growth across sectors. This signals positivity and we expect the market to stay cautiously optimistic in the months to come."

The report pointed out that the positive hiring sentiment ran across key cities like Chennai, Delhi, Bangalore, and Mumbai which saw 25 per cent, 24 per cent, 17 per cent and 17 per cent growth in hiring respectively.

Besides, the report showed that major industries which witnessed double digit growth in their hiring activity for April 2018 as compared to the corresponding period of last year were auto up by 44 per cent; construction and engineering by 34 per cent; banking and financial services by 29 per cent; and IT by 20 per cent.

--IANS

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