Monster U.S. online jobs index rises in March

Reuters News
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Posted: Mar 31, 2011 12:13 AM
Monster U.S. online jobs index rises in March

NEW YORK (Reuters) - A monthly gauge of online job postings in the United States rose nearly 9 percent in March compared with the same month a year ago, as demand for healthcare workers rose, a private research group said on Thursday.

Monster Worldwide Inc, an online careers and recruiting firm, said its employment index was at the highest level since October 2010.

Compared with a year ago, the index was up 8.8 percent in March. It rose 5.4 percent, to 136 points, in March from 129 in February.

"The March index reinforces a consensus from other leading indicators that the labor market is continuing to grow at a measured pace," Jesse Harriott, senior vice president at Monster Worldwide, said in a statement.

The Monster index registered positive annual growth in 14 of 20 industries. Online postings rose in 17 of 23 occupations monitored in March.

Demand for workers in healthcare support led the occupations category, while the mining, quarrying and oil and gas extraction sector was the top industry.

The report comes ahead of weekly data on initial claims for jobless benefits, due on Thursday morning, and the larger monthly nonfarm payrolls report due on Friday.

The Monster Employment index is a monthly analysis based on a selection of corporate career sites and job boards. The margin of error is approximately plus or minus 1 percent.

(Reporting by Leah Schnurr; Editing by Dan Grebler)