‘Hiring demand up 9% in May led by telecom, BFSI, import-export sectors’

Job demand continued to be on a growth trajectory in May, witnessing a 9 per cent rise year-on-year, mainly supported by telecom, banking, financial services and insurance and import and export sectors, a report said on Tuesday.

The job market continued to show growth for the second consecutive month of FY23 with a benchmark year-on-year recovery of 9 per cent in May, according to the Monster Employment Index (MEI).

However, the index levelled down by 4 per cent month-on-month reflecting cautious recruiter sentiments in May amid worries over high inflation driving up costs due to the current socio-economic scenario globally, it noted.