Monster Employment Index Philippines registered annual decline of 13% in May 2020.
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Highlights
1. The Monster Employment Index (MEI) decreased to 115 in May 2020 from 132 in May 2019.. 2. According to Philippine Statistics Authority (PSA), the economy registered highest ever unemployment rate as many businesses have stalled their operations to control COVID-19 pandemic.. 3. Month-on-month, decline of 3% was recorded; April 2020 saw an index of 119.. 4. BPO/ITeS (+20%) continued to register double-digit growth on annual basis in May 2020; also the steepest growth among others..
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The Monster Employment Index is a broad and comprehensive monthly analysis of online job posting activity conducted by Monster India. Based on a real-time review of millions of employer job opportunities culled from a large, representative selection of online career outlets, the Monster Employment Index presents a snapshot of employer online recruitment activity nationwide. Monster has taken due care in compiling and processing the data available from various sources for Monster Employment Index, but does not guarantee the accuracy, adequacy or completeness of any information and is not responsible for any errors or omissions or action / decision taken or for the results obtained from the use of such information. Monster Employment Index was first launched in India in May 2010 with data collected since October 2009 followed by Gulf in April 2011 with data collected since October 2010; Singapore in May 2014 with data collected since January 2011; Philippines and Malaysia in May 2015 with data collected since February 2014.

May 2020 Index Highlights:

  • The Monster Employment Index (MEI) decreased to 115 in May 2020 from 132 in May 2019.
  • According to Philippine Statistics Authority (PSA), the economy registered highest ever unemployment rate as many businesses have stalled their operations to control COVID-19 pandemic.
  • Month-on-month, decline of 3% was recorded; April 2020 saw an index of 119.
  • BPO/ITeS (+20%) continued to register double-digit growth on annual basis in May 2020; also the steepest growth among others.