Now we have the complete US Monster Employment Index from January 2007 to December 2008.
When I started to monitor this index, I wanted to see whether it can serve as a leading economic index like other indices for wanted ads. From the chart, it looks like a concurrent index than a leading one. As those data are not seasonally adjusted, it is not yet the time to make the call.
The blip around April to June 2008 was explained by Monster that the time from April to June is usually a busy-hiring season. We will see this April whether the same seasonal phenomenon will repeat itself.
