In a sign of job market recovery, online hiring registered 3 per cent year-on-year growth in September led by banking and financial services sector, says a report.

The Naukri JobSpeak index for September 2017 stood at 1,948 showing a rise of three per cent from the corresponding period last year.

Banking and financial services reported 21 per cent growth in hiring last month over the year-ago period. Besides, key industries like heavy machinery, engineering and auto posted an increase of 19 per cent, 15 per cent and 7 per cent respectively.

“As predicted earlier the job market continues to be volatile. The JobSpeak index for September has a shown a three per cent year-on year growth primarily driven by growth in sectors like BFSI (banking, financial services, insurance), industrial products, auto and engineering. In my view the uncertainty in the job market is likely to continue for few more months before it tends to move north again,” Naukri.com Chief Sales Officer V Suresh said.

On the other hand, oil and gas, BPO/ITeS, insurance and IT-software sector jobs witnessed a dip of 4 per cent, 6 per cent, 9 per cent and 6 per cent respectively in hiring activities.

Of the 13 key cities tracked, 12 cities recorded an increase in hiring activity in September 2017, compared to the same period last year.

The index for Mumbai and Kolkata grew by 15 per cent each. However, Delhi/NCR saw a dip of 9 per cent in hiring activity.

Senior management roles with an experience requirement of 13–16 years saw a 5 per cent growth last month, compared to September 2016.

Further, jobs for roles requiring over 16 years of experience as well as employment for entry level jobseekers having 0–3 years experience rose by 4 per cent each, while junior level roles with 4–7 years of experience witnessed a 2 per cent growth in hiring.

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