Hiring activities sluggish in May: Naukri.com

 In signs of sluggishness in the labour market, hiring activities declined in May as employers remained cautious tracking macro economic conditions, says a report.Recruitment activities declined in sectors such as IT- software, construction and engineering, insurance, oil and gas, in May, according to job portal Naukri.com.

The Naukri Job Speak Index, which keeps a track of monthly online hiring trends, fell around four per cent to 1,317 in May compared to the previous month. In April, the same was at 1,368.

'... employers seem to be following a cautious approach now and are keeping a close watch on the macroeconomic environment.
'Given the weak economic environment in 2012-13 , any job creation is a positive sign. From this point onwards, job creation will track macro-economic indicators,' Info Edge (India) CFO Ambarish Raghuvanshi said in a statement on Tuesday.Naukri.com is part of Info Edge group. Among the cities, only Delhi-NCR saw an uptick in recruitment trends last month as against April.