You are here: Home » Current Affairs » News » National
Business Standard

Job listings improve; agro industries, telecom at pre-Covid levels: Report

Job listings continued to improve in December with industries including telecom, agro-based units, and media and entertainment returning to the pre-COVID-19 levels

Topics
India's job market | Job market in India | Economic recovery

Press Trust of India  |  Mumbai 

workers, jobs, skills, labour, employers, manufacturing, economy, demographic, workforce
Representational image

Job listings continued to improve in December with industries including telecom, agro-based units, and media and entertainment returning to the pre-COVID-19 levels, according to a report.

As per the Monster Employment Index, in comparison to December 2019, job postings have improved after the pandemic with some industries returning to pre-COVID-19 levels.

The telecom sector grew 7 per cent, agro-based industries 6 per cent and media and entertainment 4 per cent, it said. Along with them, industries such as chemicals, trade and telecom continued to perform well, it added.

However, owing to the pandemic and its impact across various job sectors, the overall index has dropped significantly by 15 per cent as compared to the previous year (December 2019), it said.

The Monster Employment Index is a broad and comprehensive analysis of online job posting activity conducted by Monster India (a Quess Company).

According to the report, industries that have witnessed maximum growth in job postings compared to the previous month are chemicals, plastic, rubber, paints, fertiliser and pesticides (15 per cent), import and export (15 per cent), telecom and ISP (12 per cent), and printing and packaging (11 per cent).

Agro-based industries, garments, textiles, leather, gems and jewellery, and healthcare, biotechnology and life sciences, pharmaceuticals have also witnessed month-on-month growth of 7 per cent, respectively.

However, industries such as home appliances declined by 10 per cent, retail by 20 per cent saw the biggest drop compared to November 2020, the report noted.

Owing to the reopening of the economy, industries such as production and manufacturing,oil, gas and petroleum, power and travel, and tourism have shown improvement after the pandemic impact, it added.

In comparison to November 2020, oil, gas and petroleum, power have grown 5 per cent, production and manufacturing have grown 1 per cent and travel and tourism is down only 5 per cent.

Whereas production and manufacturing declined 35 per cent, oil/gas/petroleum, power 38 per cent, and travel and tourism 64 per cent are the most impacted, having seen the highest year-on-year decline compared to the other sectors due to the pandemic.

Jaipur, Coimbatore, Chennai and Pune saw growth in job postings in December, compared to November, postings in Bengaluru, Kolkata and Baroda remained neutral with no shiftscompared to the previous month.

Monster.com CEO Sekhar Garisa said, "We continue to see recovery in the job market, as there has been an uptick in the number of job postings across various sectors and functions, despite the challenges."

He added that while the impact of the pandemic and recovery has been different for each sector, "we are optimistic about the coming quarter given the various government and industrial boosts towards economicrecovery".

Further, the positive developments towards the vaccine discovery add to the hope that there will be more and more industries opening up and coming out of the pandemic-led slump, he added.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Thu, January 07 2021. 20:57 IST
RECOMMENDED FOR YOU
.