India-based job portal Naukri.com experienced an 8% decline is job listings this October due to the festive season.
Hiring activity generally tends to slow down this time of year as people celebrate Navaratri, Dussehra and Diwali. Recruiters go slow on hiring plans and job seekers also temporarily suspend their job hunt.
“In October, we saw a dip in new jobs due to the impact of the festive season which saw three major festivals falling in October. However, we are confident that this is a temporary phenomenon and in the coming month, jobs growth will start improving,” Sumeet Singh, Chief Marketing Officer, Infoedge India told Hindu Business Line.