Mish's Global Economic Trend Analysis Message Board

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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: Square_Dealings who wrote (20565)	1/6/2005 12:59:10 PM
From: mishedlo	Read Replies (1) of 116555

Monster: Fewer job ads in December The online job advertising giant reported demand for workers decreased in 19 out of 23 categories. January 6, 2005: 7:54 AM EST NEW YORK, Jan 6 (Reuters) - U.S. job seekers found fewer online postings in December, suggesting employment growth for the month may have been disappointing, a report showed Thursday. Online job advertising giant Monster.com, one day before the government releases its monthly tally of December job creation, said its employment index eased to 113 last month from 117 in November. "Online demand for workers decreased in 19 out of 23 occupational categories in the month of December," including construction and food services, Monster said in a statement. Analysts currently expect a net employment gain of about 175,000 for December. But anecdotal evidence from industry surveys has pointed to stagnation in hiring, prompting some concern that current forecasts may be too rosy. While the U.S. economy has been growing robustly for almost two years, jobs have been the recovery's Achilles heel as the economy has barely generated enough work to absorb new entrants to the labor market. money.cnn.com =============================================================== This is very interesting because this index has been trending up regardless of what jobs did. My hypothesis was that companies were shifting away from newspaper advertizing of jobs to monster. This is the first time that both have dropped hard that I am aware of. Mish

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