The Monster Employment Index for the month of October stood at 281, registering a 13 per cent year-on-year growth over last year, when it stood at 249. In the month of September however, the index had registered a 15 per cent year-on-year growth.
"The Monster Employment Index reveals a relative slowdown in the online recruitment activity. While the numbers are still good, there is a moderate drop in hiring activity from 15 per cent in September 2017 to 13 per cent in October 2017," Monster.com MD APAC & Middle-East Sanjay Modi said.
According to the report online demand surpassed the year-ago level in 22 of the 27 industry sectors monitored by the Index.
Home Appliances continued to lead the long-term growth chart with 48 per cent year-on-year growth despite moderation in the pace of growth as against in September 2017.
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Online hiring in banking/ financial services, insurance eased to 34 per cent in October 2017 from 45 per cent in September 2017.
Baroda (up by 31 per cent) recorded the highest growth, hiring activity in key metros such as Delhi (down 8 per cent), Chennai (down 4 per cent) declined further.
Another noteworthy development has been in the production and manufacturing sector, where the recruitment has displayed a positive growth for the first time since 2016.
The Monster Employment Index is a monthly analysis of online job posting activity in India conducted by Monster India and represents a snapshot of employer online recruitment activity nationwide.
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