Monster Employment Index Rises 3% Year-over-Year

Before you go, we thought you'd like these...
Before you go close icon

Monster Employment Index Rises 3% Year-over-Year

NEW YORK--(BUSINESS WIRE)-- Monster Worldwide, Inc. (NYS: MWW) :

October 2012 Index Highlights:

  • Monster Employment Index U.S. grows three percent on annual basis in October, maintaining the growth pace recorded in September
  • Construction (up 17 percent) leads all sectors in annual growth, while real estate and rental and leasing sector also records improved growth trends, a positive sign for the housing market
  • Public administration and Arts, Entertainment and Recreation record negative year-over-year growth, both declining 11 percent annually
  • Among the metro markets tracked by the Index, Dallas records top growth, while Chicago and Los Angeles gain momentum

TheMonster Employment IndexU.S. is a monthly gauge of U.S. 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. 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.

 

Monster Employment Index U.S. results for the past 18 months are as follows:

 

May
11

  

Jun
11

  

Jul
11

  

Aug
11

  

Sep
11

  

Oct
11

  

Nov
11

  

Dec
11

  

Jan
12

  

Feb
12

  

Mar
12

  

Apr
12

  

May
12

  

Jun
12

  

Jul
12

  

Aug
12

  

Sep
12

  

Oct
12

  

Y-O-Y
GROWTH

143  146  144  147  148  151  147  140  133  143  143  146  147  153  147  156  153  156  3%
                                    

Industry Year-over-year Trends: 13 of the 19 industries monitored by the Index showed positive annual growth trends.

  • Construction (up 17 percent)further accelerated from the 11 percent growth rate recorded in September, with increased opportunities for tradesmen in the construction occupations, installation/maintenance/repair as well as engineering and business operations positions
  • Retail Trade (up 10 percent) escalated for the third consecutive month in-line with seasonal patterns ahead of the holiday shopping period
  • Real Estate and Rental and Leasing (up nine percent) accelerated from the four percent growth rate recorded in September with increased opportunities across a diverse set of occupations, including sales, advertising/marketing and computer and financial specialists
  • Transportation and Warehousing (up eight percent) decelerated in October in contrast to the double-digit growth recorded in September
  • Public administration and Arts, Entertainment, and Recreation (down 11 percent) exhibited the steepest annual decline in the Index

Top Growth Industries

 
Year-over-year Growth  

Oct
11

  

Oct
12

  

% Growth
Y-o-y

Construction  186  218  17%
Retail Trade  183  202  10%
Real Estate and Rental and Leasing  57  62  9%
Wholesale Trade  162  175  8%
Transportation and Warehousing  207  223  8%
      

Lowest Growth Industries

 
Year-over-year Growth  

Oct
11

  

Oct
12

  

% Growth
Y-o-y

Information  104  103  -1%
Accommodation and Food Services  104  100  -4%
Educational Services  90  86  -4%
Public Administration  150  134  -11%
Arts, Entertainment, and Recreation  46  41  -11%
      

Occupation Year-over-year Trends: Annual online demand for workers rose in 15 of 23 occupational categories in October.

  • Construction and Extraction (up 17 percent) saw the highest demand in October, in-line with the growth recorded in the broader construction sector
  • Production (down six percent) continued to remain negative in October

Top Growth Occupations

 
Year-over-year Growth  

Oct
11

  

Oct
12

  

% Growth
Y-o-y

Construction and Extraction  113  132  17%
Architecture and Engineering  115  134  17%
Building, Grounds Cleaning, and Maintenance  115  134  17%
Healthcare Practitioners and Technical  167  194  16%
Sales and Related  107  122  14%
      

Lowest Growth Occupations

 
Year-over-year Growth  

Oct
11

  

Oct
12

  

% Growth
Y-o-y

Education, Training, and Library  127  124  -2%
Protective Service  142  138  -3%
Management  65  63  -3%
Computer and Mathematical  161  155  -4%
Production  141  133  -6%
      

Geographic year-over-year Trends: All 28 metro markets recorded positive annual growth in October.

  • Dallas (up 15 percent)led all metro markets in terms of annual growth with notable momentum gains in occupational categories like computer and mathematical, as well as life, physical, and social sciences during the month
  • Los Angeles and Chicago (up 14 percent) finished October within the top 5 growth markets. Growth was recorded in architecture and engineering, healthcare practitioners, and food preparation and serving
  • Growth eased in Pennsylvania with Philadelphia (up four percent) and Pittsburgh (up three percent) dropping near the bottom of the metro markets with decelerated growth in healthcare occupations.

Top Growth Metro Markets

 
Year-over-year Growth  

Oct
11

  

Oct
12

  

% Growth
Y-o-y

Dallas  117  134  15%
Atlanta  106  121  14%
Chicago  99  113  14%
Los Angeles  74  84  14%

St. Louis

  130  147  13%
      

Lowest Growth Metro Markets

 
Year-over-year Growth  

Oct
11

  

Oct
12

  

% Growth
Y-o-y

Minneapolis  123  129  5%
Portland  112  117  4%
Philadelphia  74  77  4%
Pittsburgh  183  189  3%
Cleveland  132  136  3%
      

International Trends:

  • Monster Employment Index Europe continued to demonstrate an annual reduction in online recruitment, declining by three percent in October. Environment, architecture/ urbanism records sixth consecutive month of growth while Transport, post and logistics reports the greatest decline. Germany continued to remain the top growth country although at a decelerated pace of two percent.
  • Monster Employment Index India rises nine percent from a year ago in September. Shipping/Marine continues to outpace all industries in terms of annual growth, Government/ PSU/ Defense records double-digit decline. Among occupations, Arts/ creative and Legal record solid annual growth.

To obtain a full copy of the Monster Employment Index U.S. report for October 2012, 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 will be released on December 7, 2012.

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 posting activityconducted 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. (NYS: MWW) , 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.

Photos/Multimedia Gallery Available: http://www.businesswire.com/cgi-bin/mmg.cgi?eid=50463598〈=en



Monster Worldwide
Deepika Murty, 978-461-8765
deepika.murty@monster.com

KEYWORDS:   United States  North America  New York

INDUSTRY KEYWORDS:

The article Monster Employment Index Rises 3% Year-over-Year originally appeared on Fool.com.

Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 - 2012 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

Read Full Story

Want more news like this?

Sign up for Finance Report by AOL and get everything from business news to personal finance tips delivered directly to your inbox daily!

Subscribe to our other newsletters

Emails may offer personalized content or ads. Learn more. You may unsubscribe any time.

From Our Partners