The Monster Employment Index added seven points in April, as online job availability in the U.S. continued to rise moderately for the third consecutive month.
Despite the gradual upward trend during the past three months, the Index remains down 6 percent year-over-year, but its growth rate was slightly improved from the year-over-year reading in March. The Monster Employment Index is based on a real-time review of millions of employer job opportunities culled from a large, representative selection of corporate career sites and job boards, including Monster.
Similar to March, a majority of industry and occupational categories tracked showed greater online job demand in April, with 17 of 20 industries and 21 of 23 occupations registering gains.
Among the highlights:
Online demand in the accommodation and food services industry registered the largest increase in April, reflecting the approaching summer hiring season for hospitality workers, as well as the increase in foreign tourists to the U.S. resulting from the weak dollar.
Arts, entertainment and recreation also jumped in April, while the finance and insurance industry saw a slight increase, demonstrating a degree of stabilization in the broader financial sector, despite highly publicized layoffs in the banking industry.
Online job recruitment activity also turned sharply higher in the management of companies and enterprises industry, following a slight decrease in March.
Government hiring remains active, as online recruitment in the public administration industry rises for third consecutive month.
Southern U.S. regions show largest gains in online job availability, driven by rebounding demand for workers in Texas and Florida.
Online job opportunities continue to expand in Kansas City, Pittsburgh and Houston.
The utilities industry, along with the and mining, quarrying and oil and gas extraction industry, registered declines last month, while the agriculture, forestry, fishing and hunting sector held steady.
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