Monster Employment Index Posts Gains for August Ahead of Key Unemployment and Payrolls Data

Monster Worldwide Inc. (NYSE: MWW) has released its Monster Employment Index for August 2012 showing that the United States grew by 6% year over year, and one that also rose by 6% month over month. It was interesting to see that some 18 of the 20 industries monitored by the index showed positive annual growth trends. The gains were led by agriculture, forestry, fishing, hunting, transportation and warehousing in recruitment growth. The report also showed that retail trade recruitment rebounded by 10% in August. Manufacturing was also up 11%, and legal led the pack with a 25% gain.

Some drops were seen in public administration with a decline of 16% and educational services was down by 3% in August. On a local metro scale, Houston maintained its momentum and San Francisco eased.

Monster was originally set to replace the old Help Wanted reports, but Monster is just not as closely watched even though it is online job offerings. Social media is partly to blame.

This is ahead of the unemployment rate due at 8:30 a.m. EST this morning.

JON C. OGG