Monster Jobs: Military, Mining, Forestry

Friday, April 01, 2005 | 06:01 AM

While we are waiting for the 8:30 Non Farm Payrolls report (guess how I am betting), I thought  we might take a look at yesterday's Employment Index. (I assume you already saw Thursday's uptick in New Unemployment claims).

What caught my eye was this beautiful chart of Monster's jobs listings -- a solid uptrend.   (You can see each of their monthly releases here).

click for larger graph


The question is, does the chart reflect the macro environment or is it merely revealing of a dead tree asset -- newspaper job classifieds -- going digital?

The CEO of discussed this yesterday morning on CNBC.

I found particularly noteworthy were the areas that experienced increased jobs demand: Military, Mining, Forestry and Retail.

What's significant about these sector improvements is that the biggest gainer was government -- as opposed to private sector job creation. Recall the February Jobs report had a similar disproportionate gain from non-private sector (gummint) jobs. I don't know what to say about mining or forestry, other than it reflecting the ongoing commodity demand.

And then there's retail, which on average pays fairly low wages and has poor benefits.

Friday, April 01, 2005 | 06:01 AM | Permalink | Comments (4) | TrackBack (0) add to | digg digg this! | technorati add to technorati | email email this post



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The FT had a good article a couple of days ago about a shortage of petroleum engineers.

The growth sector of the economy has shifted from IT to basics and we need to take into account that one sector is losing jobs while another is gaining.

Posted by: spencer | Apr 1, 2005 9:04:11 AM

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