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Naukri.com: Job Index indicates 20% growth in new hiring in December 2010

According to a study by Info Edge India’s job portal Naukri.com, the job market witnessed a 20 per cent growth in new hiring in December 2010, as compared to a year ago. JobSpeak, an index that showcases the current job scenario, states that the overall job index in December 2010 was 928, as compared to 922 in November 2010 and 776 in December 2009.

According to a study by Info Edge India’s job portal Naukri.com, the job market witnessed a 20 per cent growth in new hiring in December 2010, as compared to a year ago. JobSpeak, an index that showcases the current job scenario, states that the overall job index in December 2010 was 928, as compared to 922 in November 2010 and 776 in December 2009.

Hitesh Oberoi, CEO and MD, Info Edge India, has said, “2011 brings forth renewed optimism in the employment scenario. Job seekers can look forward to happy times ahead as Job Street will start gaining momentum in the first quarter and accelerate by mid-year.”

An in-depth analysis of the indices shows that Auto, Oil and Gas and Construction sectors registered positive monthly growths of 8 per cent, 5 per cent and 4 per cent respectively in December 2010 over November 2010. Hiring activity in the Telecom sector dipped to an all time low this month with the job index moving down by 16 per cent in December 2010 over November 2010.

Hyderabad and Mumbai maintained strong hiring trends with the index moving up by 8 per cent and 4 per cent respectively in December 2010 as compared to the previous month. Pune witnessed steady hiring levels while Kolkata, Bangalore, Chennai and Delhi were impacted by the year-end holiday season and saw their indices dipping by 8 per cent, 5 per cent, 4 per cent and 3 per cent respectively.

The job index has been calculated based on new jobs added to Naukri.com by clients and jobs acquired from Naukri.com’s existing clients by its tele-calling team month on month. According to Info Edge India, more than 35,500 national and international clients used Naukri.com in 2009-2010, leading to high reliability of data.

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