The Monster Employment Index India has risen four per cent in September as online recruitment activity rebounded from eased levels of the prior summer months.
According to a company release, 21 of the 27 industry sectors monitored by the index exhibited positive month-on-month growth trends. The 11 sectors that exhibited positive six month growth rates in August index continued to track positive medium term growth in September.
Launched in May 2010 with data collected since October 2009, the Monster Employment Index is a comprehensive monthly analysis of online job demand in India conducted by Monster India.
The real estate sector maintained its position in leading all industry sectors in monthly and six-month growth with 17 per cent and 83 per cent respectively. The agro-based industry sector also registered notable month-on-month growth. The IT sector saw significant rise in online recruitment activity for the second consecutive month. The sector also registered a robust 52 per cent six-month growth.
Recruitment activity in the BPO/ITES sector rebounded to match July levels with a six per cent month-on-month growth after easing in August. Online jobs in the healthcare, biotechnology & life sciences, and pharmaceuticals sector rebounded in September. The sector saw an eight per cent growth in the index for the first time since April 2010.
September also saw online hiring rebound in the engineering, cement, and construction, iron/steel sector. Production and manufacturing; and the related Logistic, courier/freight/transportation also registered significant improvement in online job opportunities indicating gradual improvement in the manufacturing and commerce sectors following the low levels observed in the previous months.
Job opportunities in the banking, finance and insurance (BFSI) sector contracted by an additional nine per cent in September over the August levels.