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October Employment Index Shows CT, New England on an Upswing
December 29, 2011CERC Reports October Employment Index Shows CT, New England on an Upswing
October's Monster Employment Index, analyzed by the Connecticut Economic Resource Center, Inc. (CERC), indicates a volatility in Connecticut and the New England region as both regions bounced back to be on a growth trend that started in May of this year before dropping significantly in September. Since May, Connecticut's average monthly growth has been 1.7%, four tenths of a percentage point above New England's and sixth tenths higher than the trend for the U.S.
Connecticut's index increased by 5.7% between September and October 2011. This was the highest growth since the growth between March and April 2010 when the state grew by 8%. This growth between September and October more than compensated for the decline of 3.9% seen between August and September. The monthly growth observed for Connecticut's Monster index was 3.7% above the nation's and 1.8% above the New England region. Connecticut's online job index is 8.4% higher than it was a year ago. New England's is only 7.3% higher. The U.S., however, is 11.0% higher. Connecticut's index was 26 points below the U.S. total.
The Monster Employment Index is a monthly gauge of online job demand based on a real-time review of millions of employer job opportunities culled from a large representative selection of career web sites and online job listings. The Index is a leading indicator showing the willingness of firms to offer job opportunities; more opportunities assume additional job hires in the future.
CERC is partnering with Monster Government Solutions, a subsidiary of Monster Worldwide, to offer exclusive, real time Connecticut labor market data on a month-to-month basis. Visit the online, interactive CERC/Monster Employment Index Dashboard (choose Monster Employment Index from the At a Glance dropdown menu).
Member News is provided as a service of the Midstate Chamber of Commerce and is also featured in the monthly "Chamber News" newsletter mailed to members.The “original publication date” of Member News articles posted on this web site reflects the date this article was added to the Chamber database and may not necessarily reflect the date such news events occurred.