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Naukri.com: Job Index indicates 10% fall in new hiring in May 2010

According to a study by Info Edge India’s job portal Naukri.com, the job market witnessed a fall of 10 per cent in new hiring in May 2010 over April 2010 but on an annual perspective the overall job index moved up by 29 per cent in May 2010 over May 2009.

JobSpeak, an index that showcases the current job scenario, states that the overall job index in May 2010 was 913, as compared to 1019 in April 2010 and 708 in May 2009. The index has been calculated based on new jobs added to Naukri.com month on month.

According to a study by Info Edge India’s job portal Naukri.com, the job market witnessed a fall of 10 per cent in new hiring in May 2010 over April 2010 but on an annual perspective the overall job index moved up by 29 per cent in May 2010 over May 2009.

JobSpeak, an index that showcases the current job scenario, states that the overall job index in May 2010 was 913, as compared to 1019 in April 2010 and 708 in May 2009. The index has been calculated based on new jobs added to Naukri.com month on month.

Sumeet Singh, national head, marketing and communication, Info Edge India, has said, “The appraisal season generally puts a halt to the hiring activity for most companies which is why we see the dip in the May 2010 index.”

“Although we still feel that the level of hiring is not such that could be considered as a job boom, the medium term outlook for the job market appears positive as demand is likely to increase for many roles across industry verticals,” Sumeet Singh has added.

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