New jobs increased in December, a sign of economic recovery in the country: Report

The demand for new jobs in different industries in the country has increased by 12 percent on an annual basis in December 2021. According to the Monster Employment Index released on Monday, this shows a good sign in the economic recovery in the country.

The demand for new jobs in different industries in the country has increased by 12 percent on an annual basis in December 2021.

The demand for new jobs in different industries in the country has increased by 12 percent on an annual basis in December 2021. According to the Monster Employment Index released on Monday, this shows a good sign in the economic recovery in the country. The index analyzes online job postings on the Monster India portal as well as other databases. It has been found that out of the 27 industries monitored, the demand for new jobs in 22 was higher than in December 2020.

In terms of segments, office equipment and automation continued to be in high demand. In these, the postings for jobs have been 86 percent higher on an annual basis in December 2021. Shekhar Garissa, Chief Executive Officer, Monster.com, said that the new jobs data from the end of 2021 has given a very strong sentiment about hope and recovery across sectors. However, he said that he is expecting better than the growth of new jobs in India in 2022. They have also taken into account the possible impact of Omicron on the job market.

Restrictions expected to have an impact on business activities

India has seen an increase in daily coronavirus cases in recent weeks. Because of this, many states have imposed restrictions to prevent the spread of virus infection. Although lockdowns have not been imposed, the restrictions are expected to have an impact on business activities.

Many sectors have seen double digit growth in job postings on a yearly basis. These include printing and packaging (36 per cent), banking, financial services and insurance (35 per cent), information technology (30 per cent) and retail (14 per cent). On the other hand, engineering, cement, construction, iron and steel saw a decline of 13 per cent in December 2021 due to increased labor migration. Monster.com said in a statement that this has also led to disruptions in logistics and construction.

The corona virus epidemic is in its third year. In such a situation, there has been a high demand for jobs for the healthcare sector. It has seen an increase of 6 percent on a monthly basis. On a monthly basis, jobs remained highest in the retail sector, where demand was up 12 per cent in December from the previous month.

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