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 % 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 % decline in hiring as compared to corresponding month last year.
Key industries like telecom and BPO/ITES saw a 7 % % and 10 % fall respectively, while banking saw an 8 % 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 % 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 %, 15 %, 29 % and 18 % respectively, Coimbatore was the only city that saw an increase of 17 % as compared to May 2016.