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Naukri.com: Job Index indicates 6.19% decline in new hiring in Dec 2009

According to a study by Info Edge India’s job portal Naukri.com, the job market witnessed a decline of 6.19 per cent in new hiring in December 2009, as compared with an increase of 8.38 per cent in November 2009. The study further reveals that while most cities saw a decline in jobs in December 2009 due to the holiday season, Mumbai witnessed a 3.2 per cent increase in job index in December 2009 over November 2009.

According to a study by Info Edge India’s job portal Naukri.com, the job market witnessed a decline of 6.19 per cent in new hiring in December 2009, as compared with an increase of 8.38 per cent in November 2009. The study further reveals that while most cities saw a decline in jobs in December 2009 due to the holiday season, Mumbai witnessed a 3.2 per cent increase in job index in December 2009 over November 2009.

Sumeet Singh, national head, marketing and communications, Info Edge India, has said, “The decline in hiring activity in December is due to the end-of-the-year holiday season and we have witnessed this in the past years as well. As employers continue to express confidence, and the business sentiment grows one expects to see many more opportunities in 2010.”

JobSpeak, an index that showcases the current job scenario, states that the overall job index in December 2009 was 713, as compared to 760 in November 2009 and 1000 in the base month of July 2008. The index has been calculated based on new jobs added to Naukri.com month on month. According to Info Edge India, more than 34,000 national and international clients used Naukri.com in 2008-2009, leading to high reliability of data.

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