Job market continues to improve; IT, agro industries leaders: Monster

Posted on February 06, 2024 | Updated on February 20, 2024

The job market continues to improve sequentially across the country and job postings in some industries have improved, with some doing even better than the pre-Covid levels, led by IT, agro-based sectors, according to a report. In comparison to January 2020, job postings in some industries have improved, according to Monster Employment Index, by - a Quess Company.

Agro-based industries and media and entertainment have grown by 15 per cent and 2 per cent, respectively, in January 2021 compared to the same time last year. Telecom and ISP (internet service provider) job postings have become stable, indicating a 0 percent change compared to January 2020. However, telecom roles have witnessed a 13 per cent increase in postings in the last three months, it added.

The Monster Employment Index report is based on analysis of job listing data during January 2021, against the same month of 2020. Jobs in the IT industry - hardware, software - reflected significant demand this month with month-on-month growth of 6 per cent in job postings, 

Further, a constant increase in job postings for the home appliances industry is noticed, with 9 per cent growth in postings in January 2021, compared to December 2020. While the job postings for the home appliances industry are at 18 per cent decline year-on-year in January 2021, the same has improved compared to the previous index (December 2021 vs December 2020), which was down at 25 per cent, it noted.

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