Online Recruiting Rebounds in August

Online job recruiting bounced back in August following a seasonal decline last month.

Monster Worldwide says its employment index climbed eight points, with seven out of nine regions showing stronger levels of recruitment.

There was increased demand for workers in retail trade and in the education, training and library occupations, all of which declined in July.

At the same time, the hiring environment for white-collar professionals remained solid with continued heavy recruiting in business and financial operations and IT-related occupations.

While the Monster Employment Index is 22 percent higher than it was a year ago, the year-over-year increase is the lowest since its inception.

Monster's Steve Pogorzelski, says that suggests a more moderate rate of economic growth, due partly to rising energy prices and a cooling housing market.