Monster Survey Suggests Hiring Pick-Up While ADP Stays Gloomy

Ahead of Friday's all important jobs and unemployment data, two reports give different views about the state of the labor market. The ADP National Employment Report released on Wednesday painted a gloomy picture, emphasizing the 39,000 jobs lost from August to September, the first decline in seven months. On the other hand, Monster Worldwide's Monster Employment Index released Thursday showed a 1% increase in online demand for labor for September, up16% from one year ago and notching its eighth consecutive month of improvement.

It is necessary to recognize that both surveys measure different things. While the ADP ( ADP - news - people ) employment survey is based on a sample of private businesses and employees reporting hiring or lay-offs, the Monster Employment Index measures employer recruitment activity online, and so constitutes a proxy for labor demand.

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- Posted: 2010-10-06 23:02:35

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