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Reuters - A gauge of online labor demand in the U.S. fell in July as a seasonal decline met shrinking online job availability in a majority of industries, occupations, regions and local markets, a private research group said on Thursday.

NEW YORK (Reuters) - A gauge of online labor demand in the U.S. fell in July as a seasonal decline met shrinking online job availability in a majority of industries, occupations, regions and local markets, a private research group said on Thursday. Monster Worldwide Inc, an online careers and recruiting firm, said its Employment Index slipped to 157 points in July from 163 in June. Year-over-year, the index fell 14.2 percent from 183 in July 2007. The financial, real estate and construction sectors have been the most visible drag on the index in recent months, the report said. "The decline in U.S. online recruitment activity during July is likely due in part to the seasonal summer slowdown that is typical of this time of year," said Jesse Harriott, a vice president at Monster. "However, the breadth and depth of the contraction last month also suggests further softness in the country's underlying... [ Read more on www.yahoo.com ]

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