BlogginWallStreet: The Monster Employment Index Explained

BlogginWallStreet: The markets newest resource explains why the Monster Employment Index will become a more relevant number in the upcoming years.

(PRWEB) January 9, 2005 -- Mark Mahorney, contributing writer for BlogginWallStreet.com explains views on the release of the Monster Employment Index.

"What I like about this index is that while the employment report reflects what has happened, the Monster Index is forward looking. The data is derived from its help wanted ads and therefore provides some indication of jobs to come."

"For December the Monster Employment Index dropped back to 113 from a record 117 in November. The drop is likely primarily seasonal related as this also occurred a year ago. The index has increased significantly from 85 a year ago, while showing job growth across all sectors tracked. That's a 32% increase in online ads. However, some of this growth can likely be attributed to people either switching from other candidate search methods or adding another resource for finding candidates. Online job searching is a pretty well established method now and I should think is starting to level out, but not entirely. More relevant will be to see how this index is tracking against the employment report over time. That is job postings should be converting to new jobs."

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