October 2011 Index Highlights:
-
Monster Employment Index U.S. shows positive annual growth trend at
11% in October, demonstrating improved overall online job availability
compared to October 2010
-
Index edges up in October from September, driven in part, by
recruitment for temporary positions in the pre-holiday season
-
All metro markets tracked by the Index exhibit positive annual growth
-
Retail trade and manufacturing record accelerating growth trends, in
line with seasonal expectations
-
Public administration registers the steepest annual decline, dropping
30% year-over-year, its lowest level in the Index
The Monster
Employment Index
U.S. is a monthly gauge of U.S. online job
demand 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. 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 Index recorded positive momentum coming into the pre-holiday
season. Employers are proceeding with hiring as planned, indicated by
solid seasonal demand for temporary workers in short-term positions
within the retail and manufacturing sectors,” said Jesse Harriott,
senior vice president and chief knowledge officer at Monster Worldwide.
"Overall, this demonstrates an encouraging sign for the U.S. labor
market during the holiday season; however substantial job-creation has
yet to occur for the economy to see pre-recessionary levels of
recruitment.”
Monster Employment Index U.S. results for the past 18 months are as
follows:
|
May 10
|
|
|
Jun 10
|
|
|
Jul 10
|
|
|
Aug 10
|
|
|
Sep 10
|
|
|
Oct 10
|
|
|
Nov 10
|
|
|
Dec 10
|
|
|
Jan 11
|
|
|
Feb 11
|
|
|
Mar 11
|
|
|
Apr 11
|
|
|
May 11
|
|
|
Jun 11
|
|
|
Jul 11
|
|
|
Aug 11
|
|
|
Sep 11
|
|
|
Oct 11
|
|
|
Y-O-Y
|
|
134
|
|
|
141
|
|
|
138
|
|
|
136
|
|
|
138
|
|
|
136
|
|
|
134
|
|
|
130
|
|
|
122
|
|
|
129
|
|
|
136
|
|
|
145
|
|
|
143
|
|
|
146
|
|
|
144
|
|
|
147
|
|
|
148
|
|
|
151
|
|
|
11%
|
Industry Year-over-year Trends: 15
of the 20 industries monitored by the Index showed positive annual
growth trends.
-
Information (up 27 percent) remained amidst the top growth
sectors with continued demand for professionals in software, digital
media, and telecommunications
-
Retail Trade (up 26 percent) exhibited notable expansion in
online recruitment levels suggesting that some employers are fully
proceeding with their seasonal hiring efforts
-
Manufacturing (up 18 percent) registered an accelerated growth
pace in October
-
Public Administration (down 30 percent) continued to record the
steepest decline in October, dropping to a new low in the Index
Top Growth Industries
|
Year-over-year Growth
|
|
|
Oct 10
|
|
|
Oct 11
|
|
|
% Growth Y-o-y
|
|
Mining, Quarrying, Oil and Gas Extraction
|
|
|
197
|
|
|
283
|
|
|
44%
|
|
Agriculture, Forestry, Fishing, and Hunting
|
|
|
178
|
|
|
230
|
|
|
29%
|
|
Transportation and Warehousing
|
|
|
162
|
|
|
207
|
|
|
28%
|
|
Information
|
|
|
82
|
|
|
104
|
|
|
27%
|
|
Retail Trade
|
|
|
145
|
|
|
183
|
|
|
26%
|
Lowest Growth Industries
|
Year-over-year Growth
|
|
|
Oct 10
|
|
|
Oct 11
|
|
|
% Growth Y-o-y
|
|
Educational Services
|
|
|
90
|
|
|
90
|
|
|
0%
|
|
Utilities
|
|
|
137
|
|
|
134
|
|
|
-2%
|
|
Construction
|
|
|
191
|
|
|
186
|
|
|
-3%
|
|
Real Estate and Rental and Leasing
|
|
|
60
|
|
|
57
|
|
|
-5%
|
|
Public Administration
|
|
|
213
|
|
|
150
|
|
|
-30%
|
Occupation Year-over-year Trends:
Annual
online demand for workers rose in 19 of 23 occupational categories in
September.
-
Personal care and service (up 71 percent) recorded the highest
growth in October
-
Computer and Mathematical (up 24 percent) recorded strong
growth in October as reflected by growth in the broader Information
sector
-
Protective Service (down 27 percent) continued to record the
weakest long-term trend among occupations
Top Growth Occupations
|
Year-over-year Growth
|
|
|
Oct 10
|
|
|
Oct 11
|
|
|
% Growth Y-o-y
|
|
Personal Care and Service
|
|
|
45
|
|
|
77
|
|
|
71%
|
|
Transportation and Material Moving
|
|
|
105
|
|
|
142
|
|
|
35%
|
|
Architecture and Engineering
|
|
|
86
|
|
|
115
|
|
|
34%
|
|
Computer and Mathematical
|
|
|
103
|
|
|
128
|
|
|
24%
|
|
Installation, Maintenance, and Repair
|
|
|
146
|
|
|
178
|
|
|
22%
|
Lowest Growth Occupations
|
Year-over-year Growth
|
|
|
Oct 10
|
|
|
Oct 11
|
|
|
% Growth Y-o-y
|
|
Healthcare Practitioners and Technical
|
|
|
163
|
|
|
167
|
|
|
2%
|
|
Education, Training, and Library
|
|
|
126
|
|
|
127
|
|
|
1%
|
|
Building, Grounds Cleaning, and Maintenance
|
|
|
116
|
|
|
115
|
|
|
-1%
|
|
Construction and Extraction
|
|
|
114
|
|
|
113
|
|
|
-1%
|
|
Protective Service
|
|
|
89
|
|
|
65
|
|
|
-27%
|
Geographic year-over-year Trends:
All
28 metro markets recorded positive annual growth in October
-
Orlando (up 33 percent) replaced Cleveland as top growth market
with emerging demand for legal, office and administrative, as well as
production occupations
-
Washington DC (up 25 percent) recorded a notable expansion in
opportunities
for
architecture and engineering, computer
and mathematical, and life, physical, and social sciences
-
New York City (up 5 percent) continued to exhibit the slowest
growth among major metros
Top Growth Metro Markets
|
Year-over-year Growth
|
|
|
Oct 10
|
|
|
Oct 11
|
|
|
% Growth Y-o-y
|
|
Orlando
|
|
|
55
|
|
|
73
|
|
|
33%
|
|
Detroit
|
|
|
99
|
|
|
130
|
|
|
31%
|
|
Cleveland
|
|
|
103
|
|
|
132
|
|
|
28%
|
|
Minneapolis
|
|
|
96
|
|
|
123
|
|
|
28%
|
|
Cincinnati
|
|
|
83
|
|
|
105
|
|
|
27%
|
Lowest Growth Metro Markets
|
Year-over-year Growth
|
|
|
Oct 10
|
|
|
Oct 11
|
|
|
% Growth Y-o-y
|
|
Phoenix
|
|
|
74
|
|
|
80
|
|
|
8%
|
|
Denver
|
|
|
103
|
|
|
111
|
|
|
8%
|
|
Boston
|
|
|
82
|
|
|
88
|
|
|
7%
|
|
Los Angeles
|
|
|
69
|
|
|
74
|
|
|
7%
|
|
New York City
|
|
|
85
|
|
|
89
|
|
|
5%
|
International Trends:
-
Monster Employment Index Europe registered a 14 percent annual
growth rate in October. The engineering sector continued to lead the
index with the largest year-over-year growth while opportunities in
industrial production and related sectors continued to be among top
growth sectors. Germany continued to lead all countries in annual
growth
-
Monster Employment Index India recorded a 12 percent increase
year-over-year in September. Media and entertainment continued to lead
all industrial sectors, while banking and finance recorded a strong 33
percent annual increase
To obtain a full copy of the Monster Employment Index U.S. report for
October 2011, and to access current individual data charts for each of
the 28 metro markets tracked, please visit http://about-monster.com/employment-index.
Data for the month of November 2011 will be released on December 2, 2011.
About the Monster Employment Index U.S.
Launched in April 2004 with data collected since October 2003, the
Monster Employment Index U.S. is a broad and comprehensive monthly
analysis of U.S. online job demand conducted by Monster Worldwide, Inc.
Based on a real-time 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 presents
a snapshot of employer online recruitment activity nationwide. All of
the data and findings in the Monster Employment Index have been
validated for their accuracy through independent, third party auditing
conducted periodically by Research America, Inc. The audit validates the
accuracy of the national online job recruitment activity measured within
a margin of error of +/- 1.05%.
About Monster Worldwide
Monster Worldwide, Inc. (NYSE: MWW),
parent company of Monster®, the premier global online employment
solution for more than a decade, strives to bring people together to
advance 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. Monster Worldwide is a member of the S&P 500 Index. 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.
Photos/Multimedia Gallery Available: http://www.businesswire.com/cgi-bin/mmg.cgi?eid=50057138&lang=en
