Indian job postings rebounded by 8.9% in May after witnessing eight consecutive monthly declines, and the rate of job creation continues to outpace other countries driven by the nation’s transition towards more formal economic arrangements, a report said on Friday. On a y-o-y basis, however, job postings dipped slightly by 1.8% in May.
Despite trending downwards, Indian job postings are almost 80% above pre-pandemic levels, which is high compared to other major markets, according to the report by global job site Indeed.
Several countries, led by the UK, New Zealand and Switzerland, have posted volumes that are currently below pre-pandemic levels and by comparison, India’s posting volumes are very healthy, added the report. “Indian job creation continues to outpace other countries because of the nation’s transition towards more formal economic arrangements,” it said. PTI
Source – https://www.ahmedabadmirror.com/job-postings-in-india-rebound-89-in-may/81893183.html