Job market remains volatile

New Delhi, June 12 (IANS) With the uncertainty across industries and cities, the job market continues to be volatile, according to the Naukri Job Speak index released on Monday.

The index for May at 1904 was 4 per cent down from year-ago month, indicating a fall in the overall new job creation scenario.

The IT-software industry was hit the most during the last month with a 17 per cent decline in hiring as compared to corresponding month last year.

Key industries like telecom and BPO/ITES saw a 7 per cent per cent and 10 per cent fall respectively, while banking saw an 8 per cent increase in hiring during May 2017.

"The job market continues to be volatile and there is an air of caution and uncertainty across industries and cities. The Jobspeak index for May has shown negative growth of 4 per cent year-on-year. This trend may continue for few more months before the job market starts moving north again," said Naukri.com's Chief Sales Officer V. Suresh.

According to data, 12 out of the 13 key cities tracked saw a decrease in hiring activity in May.

While the index for Delhi/NCR, Mumbai, Chennai and Bangalore saw a dip of 21 per cent, 15 per cent, 29 per cent and 18 per cent respectively, Coimbatore was the only city that saw an increase of 17 per cent as compared to May 2016.

(This story has not been edited by Social News XYZ staff and is auto-generated from a syndicated feed.)