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Monster Employment Index
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Definition
Monster collects job postings from 1,500 web sites (including Monster.com) and creates an index of job availability, akin to The Conference Board's help wanted index. The difference between the two is that one collects help wanted advertising from newspapers and the other collects from online posting. The Monster index is not seasonally adjusted. Why Investors Care
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| Released on
5/5/05
For
Apr 2005 |
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Monster Employment Index
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| Actual |
131
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Highlights
April's monster employment index added to prior gains, at 131 vs. 130 in March and 122 in February. The index has been rising sharply all year boosted by gains in mining (a sector that includes energy production) and manufacturing. The gains in manufacturing are in line with firm readings in the ISM's manufacturing employment index but have not been borne out by gains in actual payroll data.
April's total also included a spike in arts & entertainment and construction, the latter not a surprise given strong levels of homes under construction and a recent rise in commercial construction.
The monster results may raise suspicions for a higher-than-expected gain in tomorrow's employment report. Note that this morning's later release of jobless claims data cover the last week of April, which is past the mid-month survey periods of the employment report.
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