Job demand stays flat in July amidst fears of global recession: Report

Growth in job postings remained flat at 1 per cent in July amidst fears of global recession and inflation, several sectors saw improvement due to digitisation and changing consumer sentiments, according to a report.

Industries such as Banking, Financial Services and Insurance (BFSI), chemicals/ plastic/rubber, paints, fertilisers/pesticides and office equipment/automation retained keenness to hire, while the telecom sector was on upswing on account of growing digitisation and the much anticipated rollout of 5G services, according to the Monster Employment Index (MEI).

Retail has also seen improved job demand on account of the upcoming festive season, it added.