Monster Employment Index Gulf witnesses year-on-year decline of 5% in August 2020
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Highlights
1. The Monster Employment Index (MEI) slipped to 90 in August 2020 from 95 in August 2019.. 2. Month-on-month, uptrend of 3% was registered; July 2020 saw an index of 87. This improvement in demand indicates that hiring is picking up among companies. . 3. Healthcare (+10%) registered the most-notable annual growth among industries in August 2020. This was followed by Advertising, Market Research, Public Relations, Media and Entertainment (+5%) and Consumer Goods/ FMCG, Food & Packaged Food, Home Appliance, Garments/ Textiles/ Leather, Gems & Jewelry (+2%).. 4. Monster Employment Index KSA records decline of 11% in August'20 from the year-ago level. .
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The Monster Employment Index is a broad and comprehensive monthly analysis of online job posting activity conducted by Monster India. Based on a real-time review of millions of employer job opportunities culled from a large, representative selection of online career outlets, the Monster Employment Index presents a snapshot of employer online recruitment activity nationwide. Monster has taken due care in compiling and processing the data available from various sources for Monster Employment Index, but does not guarantee the accuracy, adequacy or completeness of any information and is not responsible for any errors or omissions or action / decision taken or for the results obtained from the use of such information. Monster Employment Index was first launched in India in May 2010 with data collected since October 2009 followed by Gulf in April 2011 with data collected since October 2010; Singapore in May 2014 with data collected since January 2011; Philippines and Malaysia in May 2015 with data collected since February 2014.

August 2020 Index Highlights:

  • The Monster Employment Index (MEI) slipped to 90 in August 2020 from 95 in August 2019.
  • Month-on-month, uptrend of 3% was registered; July 2020 saw an index of 87. This improvement in demand indicates that hiring is picking up among companies.
  • Healthcare (+10%) registered the most-notable annual growth among industries in August 2020. This was followed by Advertising, Market Research, Public Relations, Media and Entertainment (+5%) and Consumer Goods/ FMCG, Food & Packaged Food, Home Appliance, Garments/ Textiles/ Leather, Gems & Jewelry (+2%).
  • Monster Employment Index KSA records decline of 11% in August'20 from the year-ago level.