In the past six months, the real estate sector has seen a 16 percent surge in hiring, with April 2024 alone witnessing 9 percent growth over March 2024, and registering 11 percent growth on a year-on-year (YoY) basis, according to data shared by job site foundit with Moneycontrol.
Indeed’s data reveals that Delhi (5.05 percent), Bangalore (4.68 percent), Mumbai (4.13 percent) are leading the way with maximum hiring in the construction sector.
Geoff Lewis, Global Strategist, Capital Markets Group, Manulife Asset Management although surprised at the ADP jobs data in the US says it does confirm that the economy is on an improving track and makes a strong case for Fed rate hike next week.