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In your search for employees, the Internet is your happy hunting ground.

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This story appears in the August 2001 issue of Entrepreneur. Subscribe »

Businesses may be struggling with the current economic downturn, but if the surge in the online recruiting industry is any indication, they haven't stopped hiring. Expected by IDC to swell from $474 million in 1999 to $4.6 billion by 2004, the online recruiting industry is thriving, with a handful of sites stealing the spotlight.

"There has been an increase in activity because there are more job-seekers entering the market," says Christopher Boone, e-recruiting analyst for IDC. "The economic slowdown has increased the scrutiny on the hires that companies still have to make."

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