Job opportunities dip in October, home appliances biggest employerhttps://indianexpress.com/article/jobs/job-opportunities-dip-in-october-home-appliances-biggest-employer-4928353/

Job opportunities dip in October, home appliances biggest employer

Among cities, Baroda offered most jobs (at 31 per cent) followed by Coimbatore (at 22 per cent).

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The banking and financial services sector has noted a year-on-year growth of 34 per cent this month. Meanwhile Production and manufacturing has seen a growth of 22 per cent.

The home appliances sector has maintained the lead as the biggest employer among all sectors in the month of October 2017 with a 48 per cent year-on-year growth. There was an overall 13 per cent increase in the year-on-year employment among all sectors in October even though the employment rate has dipped since September.

According to the Monster Employment Index India for the month of October, the home appliances sector is closely followed by the media and entertainment sector and the NGO/social services sectors at 41 per cent and the telecom/ISP sectors at 35 per cent.

The banking and financial services sector has noted a year-on-year growth of 34 per cent this month. Meanwhile Production and manufacturing has seen a growth of 22 per cent.

“While the numbers are still good, there is a moderate drop in hiring activity from 15 percent in September 2017 to 13 percent in October 2017. With the recent initiatives such as recapitalization of banks being announced by the government, we are optimistic that this dip is temporary and will soon fade away,” said Sanjay Modi, managing director of Monster.com, APAC & Middle-East.

Among cities, Baroda offered most jobs (at 31 per cent) followed by Coimbatore (at 22 per cent). Kolkata had the highest increase in employment among the metros with a rise of 30 per cent, while metros like Delhi-NCR and Chennai noted a growth of 8 and 4 per cent respectively.