Job market picks up 4 per cent in January
17 Feb 2010
The sun is shining again on job seekers as recruiters get busy since hiring activity has started picking up in the top industrial sectors according to a study by job portal naukri. com.
Hiring activity in India saw a growth of 4 per cent in January this year as compared to December 2009, reflecting a continued traction in recovery, according the portal.
According to analysts at the beginning of the new year, the employment marketplace seems to be moving in a more positive direction with the hiring momentum expected to move up in most of the key industry sectors as compared to last year.
According to Naukri.com, its job index at 743 at the start of 2010 indicated ''renewed optimism in the environment''. The index is calculated on the basis of job listings added to the site every month.
The study says that recruitment in the information technology (IT) and information technology enabled services (ITeS) sectors was up 10 per cent and 17 per cent respectively in January, 2010 after the recorded in December, 2009. However, hiring dropped by 5 per cent in the banking sector after three successive months of upward movement.
Auto and oil and gas sectors have shown 4 per cent and 3 per cent increase respectively in January 2010 compared to December, 2009.