Job activity declined amid lethal second Covid wave and state-level lockdowns

Job activity declined amid lethal second Covid wave and state-level lockdowns

According to a report, job postings activity in April witnessed a 3 percent decline sequentially as the country is hit with the second wave of the pandemic leading to lockdowns.

According to the Monster Employment Index, the data indicates that the employment index saw a decline in job posting activity in April compared to March by 3 percent.

The overall job postings also witnessed a decline of 4 percent year-on-year as of April 2021, compared to April 2020.

The Monster Employment Index is a broad and comprehensive analysis of online job posting activity conducted by Monster India.

The decline in postings is due to the onset of the second wave of the pandemic leading to lockdowns, the report noted.

Despite the decline in overall job postings, some industries continued to hold firm in some specific cities, it said.

Job postings in advertising, market research, public relations (PR) in Chennai and Hyderabad noted more than 50 percent year-on-year growth.

Banking or financial services, insurance in Kolkata, saw a 26 percent growth in April, compared with March despite the overall increase in job postings remaining neutral for the location, it stated.

Year-on-year hiring activity in Bengaluru (28 percent), Hyderabad (23 percent), and Chennai (16 percent) indicated strong growth in job postings in April.

There has been significant growth in the top management (36 percent), senior-level (10 percent), and intermediate level (13 percent) hiring year-on-year as of April 2021 compared to April 2020.

The year-on-year numbers are still positive given that April 2020 also had a COVID-19 impact on the base, the report said.

In April, the shipping and marine industry witnessed a 2 percent increase sequentially in job postings. However, media and entertainment remained neutral.

Industries that exhibited the highest decline in job postings in April compared to the previous month include engineering, cement, construction, iron and steel (15 percent), retail (14 percent), FMCG, food and packaged food (12 percent) and logistic, courier or freight or transportation (12 percent). CEO Sekhar Garisa said, “The second wave of the pandemic and various intensities of lockdowns across the country have impacted hiring activities. However, hiring activities in some cities like Bengaluru, Hyderabad and Chennai indicate a positive uptick, and year-on-year growth across certain sectors and functions have been witnessed.”

Written by Ritik Gupta

His name is Ritik Gupta; currently pursuing law. He has always kept pride as his everything. He deems writing as not like any other hobby but a reflection of one’s intellectuality. He likes to research on the parasitic problems and then lay them down in such a means that can be of assistance to the society. He just not studies law but treats it a controversial weapon to defeat the wrong.

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