Kolkata job index up 12 percent in june

Kolkata
Business Standard
Hiring activity in Kolkata went up by 12 percent in June this year compared to May, revealed a latest report by Naukri Jobspeak.

According to the monthly job index released by Naukri.com, hiring activity in Kolkata went up by 12 percent in June compared to May while the index moved up from 690 in May to 775 in June.

Most of the industries saw a push in hiring activity in June compared to May. Prominent industries in Kolkata include information technology (IT), ITeS and construction and engineering. While BPO and ITeS inched up from 763 to 770, the push came in from IT – software, where hiring activity went up by 10 percent in June compared to May.

“The economy has pulled out of the stagnancy in hiring. Although, there is an uptrend in hiring, this may be only indicative of replacement hiring,” said Sumeet Singh, national head – marketing and communications, Info Edge. On a national level, the Naukri JobSpeak index at 718, indicates an uptrend in hiring activity by 8.1 percent, compared to 664 in May. It is the highest upward movement since July 2008, indicating a strong hiring sentiment returning to the market. The three-monthly moving average went up marginally to 686, from 684 in May. Hiring activity saw a significant push in banking and finance and IT.

Mumbai picked up hiring activity after several months of stagnancy. Of the top 13 cities, 12 cities recorded an uptrend in hiring activity. Hiring activity in Mumbai picked up by 13 percent in June compared to May after falling for several months. Chennai, Bangalore and Pune saw a pick up in hiring activity by 19 percent, 10 percent and 15 percent respectively, in June compared to May.