Source | economictimes.indiatimes.com | Rica Bhattacharyya, ET Bureau
The job market continued to show an upward trend in December, according to the latest Monster Employment Index, a job analysis report by Monster.com, a Quess company. The data indicates that the employment index has remained consistent in December with no changes in regards to the previous month. However, owing to the pandemic and its impact across various job sectors, the overall index has dropped significantly by 15% as compared to the previous year (December 2019).
In comparison to December 2019, job postings have improved post the pandemic with some industries returning to pre-Covid levels. Telecom, Agro-based Industries, and Media & Entertainment have witnessed substantial growth. Telecom grew by 7%, agro-based industries by 6%, and media & entertainment by 4% respectively. Along with them, industries such as chemicals, trade, and telecom continue to do well.
Sekhar Garisa, CEO – Monster.com said, “We continue to see recovery in the job market, as there has been an uptick in the number of job postings across various sectors and functions, despite the challenges.”