Job market sees recovery as pandemic year nears closure: Report

By: Careers Desk | New Delhi |

December 9, 2020 2:08:08 pm

The Monster Employment Index cited vital development in job postings over the previous few months, foreseeing a optimistic begin to 2021. Representational picture/

The year 2020 began with job postings being 9 per cent larger, however as a result of COVID-19 pandemic, the year heading is to a closure at 6 per cent decrease than the final year. However, the Monster Employment Index report cited vital development in job postings over the previous few months, foreseeing a optimistic begin to 2021.

Despite a steep decline as a result of COVID-19, job posting in some sectors are nearly again to the pre-COVID-19 ranges for example in telecom/ ISP (-8 per cent), promoting, market analysis and public relations (-11 per cent), media and leisure (-5 per cent), logistic, courier/ freight/ transportation (- 9 per cent), and agro-based industries (0 per cent).

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Also, job postings for the retail business witnessed a spike and have grown 20 per cent in November in comparison with the final month. “Banking/ financial services, insurance (19 per cent), home appliances (11 per cent), IT – hardware, software (9 per cent), and FMCG, food and packaged food (5 per cent) job postings indicated the highest month-on-month growth from October to November,” the report talked about.

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Sekhar Garisa, CEO, stated, “We are definitely seeing improvements in the job market, with promising recovery in industries such as logistics, transportation, BPOs, ITES, among others. While job postings were at their highest in Q1’20, the pandemic did have a significant impact on the same. The recovery in the post-lockdown period has been promising, almost at par with pre-Covid-19 levels.”

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During the lockdown, cities like Chandigarh (-27 per cent), Mumbai (-24 per cent), and Bangalore (-20 per cent) have been impacted probably the most, whereas, Jaipur (+8 per cent), Baroda (+2 per cent), Kolkata (-2 per cent), and Coimbatore (-4 per cent) have been the least impacted.

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