The Monster Employment Index added seven points in April, the strongest single month gain in more than 12 months, as online job availability in the U.S. continued to rise for the third consecutive month (click chart to enlarge).
Monster Worldwide's VP of Research said "The Index’s three-month growth trend, combined with its slightly improved year-over-year growth rate, is an encouraging sign of stabilization in the U.S. labor market.”
Highlights of the April report include:
- The financial services sector is showing a degree of stabilization, despite highly publicized layoffs in the banking industry.
- Online job opportunities continue to expand in Kansas City, Pittsburgh and Houston.
This positive labor market report provides additional support for the view that the U.S. economy is not in recession, and has started to show some signs of recovery.