The month of July saw a drop in online job opportunities with just three of 27 industry sectors registering positive monthly growths, the Monster Employment Index said Thursday.
Among those sectors, which registered positive change in the monthly job index, education jumped 6% between June and July. Online recruitment activity in the social service and retail sector rebounded 5% and 3% respectively in July. Consumer good, food and packaged food industry witnessed the steepest monthly decline (22%).
Production and manufacturing reached its lowest level on the index since March 2010 with a 10% month-on-month drop in online recruitment levels. Online job opportunities in the banking, finance and insurance sector witnessed the first monthly dip (8%) since March 2010.
Online job opportunities declined in 12 of the 13 cities between June and July. Among major cities, Bangalore recorded the steepest decline of 11% in job availability followed by Kolkata at 10%. Delhi and the national capital region, was the only city where recruitment levels maintained steady in July.
However, in a six-month chart, all 13 cities report positive growth trends. Coimbatore witnessed the strongest (76%) six-month growth among all cities while Hyderabad with 47% led the major metropolitan job markets in terms of six-month growth.
“The employment scenario in India has certainly improved when compared to October or December 2009,” said Sanjay Modi, managing director of Monster India.