Monster Employment Index
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Monster Employment Index
An index created by information collected from job postings on more than 1,500 job search websites (including Monster.com in the U.S.). The Monster Employment Index tracks job availability to help provide insight on the strength of the economy.
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The Monster Employment Index, like any other job availability index, provides information on how many jobs employers are looking to fill. A high index figure could be interpreted as a shortage of workers, which could be bad for the bond markets due to wage inflation. Drastic increases in employee wages could create price inflation. The stock markets, on the other hand, would prefer to see a rising employment index. Increases in job demand can be seen as an indicator of a healthy economy.
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Monster Employment Index
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This article is an orphan, as few or no other articles link to it. Please introduce links to this page from related articles; suggestions may be available. (November 2006) |
The Monster Employment Index is a monthly analysis of online job demand conducted by Monster Worldwide. Based on a monthly review of millions of opportunities culled from a large selection of corporate career sites and job boards, including Monster, the Index presents a snapshot of employer online recruitment activity in the United States, Canada and Europe.
Because recruitment typically precedes actual hiring by a month or two, the Monster Employment Index is considered a labor market leading indicator and a rough gauge of the overall economy.
The U.S. Monster Employment Index is released the day prior to the Bureau of Labor Statistics' Employment Situation while the Monster Employment Index Europe is published on the second Tuesday of each month, with individual reports for the UK, Germany, France, Netherlands, Italy, Sweden and Belgium. The Monster Employment Index Canada is released quarterly.
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