Monster Employment Index Increases by 9%

by: Mark J. Perry
The U.S. Monster Employment Index was released today, here are some highlights:

1. The March index rose to 136 in March, up from 129 in February and up by 9% compared to the year-ago level of 125.

2. The annual increase in March was the 14th consecutive year-over-year increase in the Monster Index starting in February last year (see chart above).
3. All 28 metro markets covered by the Monster Index recorded positive annual growth in March, with Detroit (+51%), Philadelphia (+40%) and Chicago (+29%) registering the largest gains.
4. 14 of the 20 industries covered by the Monster Index increased on an annual basis, as did 17 of the 23 occupational categories.

5. Monster spokesman and VP Jesse Harriott said "The March Index reinforces a consensus from other leading indicators that the labor market is continuing to grow at a measured pace.
“We continue to see the impact of an increased demand for specialized IT talent as well as sustainable recruitment levels for all related healthcare occupations. We are now seeing hopeful signs in the wholesale trade and manufacturing sectors which are historically considered foundations of an improving economy.”