The Monster Employment Index Europe is a monthly gauge of online job posting activity based on a real-time review of millions of employer job opportunities culled from a large representative selection of career web sites and online job listings across Europe. The Index does not reflect the trend of any one advertiser or source, but is an aggregate measure of the change in job listings across the industry.
- The Monster Employment Index Europe reports a fourth consecutive month of annual decline, recording a four percent decrease in online hiring over the year in November
- Belgium and the United Kingdom are the only two regions to report annual growth, both up one percent. All other regions report reduced online recruitment activity compared to year-ago levels
- Germany continues to decelerate, recording an annual decline of five percent from a positive growth rate of two percent in October
- Environment, architecture, urbanism records a seventh consecutive month as the top performing industry year-over-year while Transport, post, logistics reports the sharpest reductions for the second consecutive month
- Managers (up five percent) sees the greatest increase in demand year-over-year of all occupations
- Elementary occupations (down 16 percent) continues to report the weakest rates of annual growth for the sixth consecutive month
“As the wider European economy continues to struggle, hiring remains cautious and even Germany is feeling the effect, charting an annual decline for the first time in 31 months,” commented Alan Townsend, Senior Vice President of Sales Readiness and Business Operations for Monster Europe. “However, we continue to see pockets of resilience in recruitment across industries including healthcare and engineering and it’s also encouraging to see the UK enter into its fourth month of positive growth.”
Environment, architecture and urbanism (up 23 percent) continued to report the greatest increase in online recruitment of all industries in November and registered a seventh consecutive month at the top of the IndexIndustry Year-over-year Trends: Five of the 24 industry sectors monitored by the Index in November exhibited positive annual growth trends.
- Education, training, library (up 15 percent) retained its second place position in the Index and reported its tenth successive month of growth, with the strongest demand seen across Belgium, Sweden and the UK
- Year-over-year, Production, manufacturing, maintenance, repair (down 11 percent), extended a downward trend that began in August
- Arts, entertainment, sports, leisure (down eight percent) registered reduced demand compared to the same time last year, and recruitment levels were down across all the major markets in Europe
- For the second consecutive month Transport, post and logistics (down 12 percent) recorded the most significant reductions in online recruitment activity compared to year-ago levels
Following seven months of annual decline Managers (up five percent) noted revived demand in online recruitment activity compared to the same time last year and placed top of the IndexOccupation Year-over-year Trends: Two of the nine occupational groups monitored by the Index in November exhibited positive growth trends.
- Online demand for Craft and related trades workers (down 11 percent) extended a downward trend in November for a third successive month and charted the steepest reduction since March 2010
- Elementary occupations (down 16 percent) continued to exhibit the weakest demand of the occupational groups, reporting its lowest levels of hiring activity since December 2009; however, Italy, Sweden and the UKnoted some annual gains
Data for the month of December 2012 will be released on January 4th, 2012.The full monthly Monster Employment Index reports for Belgium, France, Germany, Italy, the Netherlands,Sweden and the United Kingdom will be made available on Tuesday, 13 November at 06:00 CET at: about-monster.com/employment/index/17.
About The Monster Employment Index Europe
The Monster Employment Index Europe provides monthly insight into online job posting activity across theEuropean Union. Launched in June 2005 with data from December 2004, the Index is based on a review of millions of employer job opportunities culled from a large, representative selection of corporate career sites and job boards, including Monster. The Monster Employment Index’s underlying data is validated for accuracy by Research America, Inc. – an independent, third-party auditing firm – to ensure that measured national online job recruitment activity is within a margin of error of +/- 1.05%.
The Index monitors online job opportunities across all European Union member countries.
The monthly reports for Belgium, France, Germany, Italy, the Netherlands, Sweden, the United Kingdom andEurope are available at: http://about-monster.com/employment/index/17.
About Monster Worldwide
Monster Worldwide, Inc. (NYSE: MWW – News), parent company of Monster, the premier global online employment solution for more than a decade, strives to inspire people to improve their lives. With a local presence in key markets in North America, Europe, and Asia, Monster works for everyone by connecting employers with quality job seekers at all levels and by providing personalized career advice to consumers globally. Through online media sites and services, Monster delivers vast, highly targeted audiences to advertisers. To learn more about Monster’s industry-leading products and services, visit www.monster.com. More information about Monster Worldwide is available at http://about-monster.com.
Special Note: Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995: Except for historical information contained herein, the statements made in this release constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such forward-looking statements involve certain risks and uncertainties, including statements regarding Monster Worldwide, Inc.’s strategic direction, prospects and future results. Certain factors, including factors outside of Monster Worldwide’s control, may cause actual results to differ materially from those contained in the forward- looking statements, including economic and other conditions in the markets in which Monster Worldwide operates, risks associated with acquisitions, competition and the other risks discussed in Monster Worldwide’s Form 10-K and other filings made with the Securities and Exchange Commission, which discussions are incorporated in this release by reference.
Source: Monster Worldwide, Inc.
