New Delhi - Online hiring activity registered a 9% growth year-on-year (y-o-y) during October indicating signs of recovery in the job market, a report by job portal Naukri.com said.
According to the survey, the Naukri JobSpeak index for October at 1,728 saw a 9% growth from the corresponding month of last year.
"There seems to be an air of cautious optimism in the job market. The JobSpeak index for October has witnessed a 9% y-o-y growth," said V. Suresh, Chief Sales Officer, Naukri.com.
"Growth seems to be picking up across all geographies. Though the non IT sector has led this growth, good to see a slow recovery in the IT sector. We could expect the volatility to continue for few more months."
The report pointed out that key industries like auto, construction/engineering and insurance saw a growth of 23%, 22% and 15% respectively in October.
Jobs in infrastructure oriented industries showed a positive trend during the month under review when compared to the same month last year with industrial product/heavy machinery and power/energy witnessing 11% each in this time period, the report said.
"BPO/ITES jobs also had a positive movement, growing 7% in the same time period while IT software industry grew by 2%," it said.
The report highlighted that while banking/insurance jobs rose by 28%, site engineering/project management jobs saw a 19% growth in October 2017 over October 2016.
"Accounts/finance and sales/BD jobs saw a 14% and 11% growth respectively in the same time period. Marketing/advertising jobs recorded a 5% rise in October 2017," it added.
Of the 13 key cities tracked by the job portal, all recorded an increase in hiring activity during the month.
"The index for Kolkata and Chennai grew by 100% and 65%, respectively. Mumbai saw a 56% growth in hiring while Delhi/NCR witnessed 8% growth in the same period," the report stated.