The Connecticut Economic Resource Center (CERC) has partnered with Monster.com to offer Connecticut businesses, policy makers and residents real-time labor market data on a month-to-month basis through the Monster Employment Index.
The latest data shows continued growth in job postings. The Monster Employment Index (currently for January 2008 through March
2011) will be reflected on the Employment Index of the CERC Dashboards
(cerc.com/Content/Dashboard.asp), an interactive, Web-based tool
that provides “perspective on Connecticut’s competitive performance.”
The graphics presented in the dashboards use measures that benchmark the state’s current conditions and its growth in a number of categories,
including business, government, housing, transportation, “urban
vitality,” workforce and education.
The Monster Employment Index is a monthly gauge of U.S. online job
demand based on a real-time review of millions of employer job
opportunities culled from a large representative selection of career
websites and online job listings.
According to Monster, “The index does not reflect the trend of any one advertiser or source, but is an aggregate measure of the change in job listings across the industry.”
According to Alissa DeJonge, CERC’s director of research, “The Monster data is based on job postings which allows for a first-hand account about attitudes of employers with respect to their willingness to hire.”
“The data is a leading indicator to the employment figures published by
the Connecticut Department of Labor,” she added.
“There is a need to capture real-time analysis around the labor market at the local level for states to plan for the future including allocating resources to help enable continued job growth,” said Jesse Harriott, chief knowledge officer for Monster Worldwide.