New Delhi, Dec 7 (PTI) Online recruitment activityregistered a 24 per cent jump in November - the highest thisyear - as the impact of demonetisation and GST seems to bebottom out, says a survey.
The Monster Employment Index for November stood at 297,up 24 per cent over the year-ago period when it stood at 240.
Month-on-month also, the hiring activity improved 5.69per cent in November.
"The impetus towards improving macroeconomic fundamentalsand the slowdown in the economy due to demonetisation and theadjustment impact of GST implementation seems to be bottomingout, placing India on an upward trajectory," said Sanjay Modi,Managing Director, Monster.com, APAC & Middle-East.
Online demand surpassed the year-ago level in 21 of the27 industry sectors monitored by the Index and home appliancescontinued to lead the long-term growth chart with 72 per centyear-on-year among all monitored industry sectors.
Moreover, all the 13 occupation groups monitored by theIndex registered increased demand, year-on-year.
City-wise data showed that there has been improvement inonline recruitment activity. Kolkata (up 51 per cent) recordedthe most notable annual growth rate among all monitoredcities, followed by Baroda (up 46 per cent).
Bangalore (up 16 per cent), Chennai (up 13 per cent) andDelhi-NCR (up 6 per cent) also witnessed positive growth onthe year.
"Interesting thing to observe is that tier II marketswere seen outpacing metros in terms of online hiring but, inNovember, we have witnessed a significant surge in demand inkey metros such as Kolkata, Mumbai and Chennai," Modi said.
He further added that "another noteworthy development hasbeen in the IT sector, where the recruitment has displayed apositive growth and showcases an optimistic scenario from along-term perspective and recovery of the sector." PTI DRRANU.
This is unedited, unformatted feed from the Press Trust of India wire.