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Moderate recovery in jobs across cities and sectors: Monster Employment Index

The employment index saw a slight decline in job posting activity in March 2021, with a 2% drop compared to the previous month, February 2021, according to the latest Monster Employment Index. (HT)Premium
The employment index saw a slight decline in job posting activity in March 2021, with a 2% drop compared to the previous month, February 2021, according to the latest Monster Employment Index. (HT)

  • In terms of month-on-month growth, several industries such as logistics, courier/freight/transportation (19%), printing and packaging (5%), and office equipment/automation (5%) witnessed a significant increase in job postings month-on-month in March 2021, the Monster Employment Index shows

MUMBAI: The January-March 2021 quarter has witnessed a growth of 4% in job postings across various job sectors. However, the employment index saw a slight decline in job posting activity in March 2021, with a 2% drop compared to the previous month, February 2021, according to the latest Monster Employment Index.

In terms of month-on-month growth, several industries such as logistics, courier/freight/transportation (19%), printing and packaging (5%), and office equipment/automation (5%) witnessed a significant increase in job postings in March 2021 as compared February 2021.

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Industries such as agro-based (12%), logistics/courier (9%), telecom/Internet service providers or ISP (8%), and IT-hardware, software (5%) also witnessed an upward trend year-on-year growth (in March 2021).

“While the overall index witnessed a slight drop in recruitment activity, major cities such as Bengaluru and Hyderabad show a positive outlook in hiring demand compared to last year. With companies re-adapting to the flexible-hybrid work model, and digital hiring on the rise with innovative tech, we anticipate a recovery of the Indian job market in the coming quarters," said Sekhar Garisa, CEO-Monster.com.

Banking/financial services, insurance (-6%), production and manufacturing (-6%), telecom/ISP (-4%), and media & entertainment (-4%) that previously showed a positive outlook, have witnessed a month-on-month decline in March 2021 against February 2021) owing to the pandemic.

However, agro-based industries (12%), logistics, courier/freight/transportation (9%), telecom/ISP (10%), and IT- hardware, software (5%) have exhibited a positive outlook in March 2021 compared to the previous year (March 2020).

In year-on-year comparison to March 2020, March 2021 has seen a decline of 10% job postings at an overall level. Travel and tourism (-59%), education (-37), oil/gas/petroleum, power (-33%), business process outsourcing/IT enabled services (-27%), and retail (-23%) industries have witnessed a significant drop from pre-covid levels.

Among cities, Bengaluru and Pune have witnessed a positive month-on-month uptrend of 2% and 1% in March 2021.

However, some cities like Hyderabad (-1%), Ahmedabad (-4%), Delhi-NCR (-2%), and Jaipur (-5%) have witnessed a drop in job postings as of March 2021 month-on-month in comparison to February 2021.

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