Monster collects job postings from 1,500 web sites (including Monster.com) and creates an index of job availability, akin to The Conference Board's help wanted index. The difference between the two is that one collects help wanted advertising from newspapers and the other collects from online posting. The Monster index is not seasonally adjusted. Why Investors Care
| Released on 11/3/05 For Oct 2005 | ||||||
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Highlights
The Monster Employment Index bounced back in October to 143 from 140 in September and compared with a pre-hurricane 142 in August, a good sign for tomorrow's big employment report.
Construction was at the top, perhaps helped by post-hurricane rebuilding demand. Mining was also near the top, perhaps reflecting oil and gas activity.
The Monster index has matched well with overall non-farm employment change over the last year. The results won't affect the financial markets but they may quietly boost confidence for a better-than-expected report tomorrow.
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