Monster Employment Index Rises 3% Year-over-Year
Monster Employment Index Rises 3% Year-over-Year
NEW YORK--(BUSINESS WIRE)-- Monster Worldwide, Inc. (NYS: MWW) :
September 2012 Index Highlights:
Monster Employment Index U.S. grows three percent annually in September and declines two percent month-over-month
Retail trade (up 12 percent) leads all sectors in annual growth, while construction rises 11 percent accelerating from nine percent recorded in August
Public administration (down 15 percent) and Information (down six percent) continue to exhibit negative year-over-year growth
Among the metro markets tracked by the Index, New York and Los Angeles gain momentum, while Atlanta records top growth annually
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:
Apr 11 | 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 | Y-O-Y | ||||||||||||||||||||||||||||||||||||
145 | 143 | 146 | 144 | 147 | 148 | 151 | 147 | 140 | 133 | 143 | 143 | 146 | 147 | 153 | 147 | 156 | 153 | 3% | ||||||||||||||||||||||||||||||||||||
Industry Year-over-year Trends: 14 of the 20 industries monitored by the Index showed positive annual growth trends.
Retail Trade (up 12 percent) finished atop all industry sectors coinciding with the recently reported escalation in consumer spending
Construction (up 11 percent)accelerated from the nine percent growth rate recorded in August, in line with recent relatively positive housing starts figures
Professional, scientific, and technical services (up three percent) recorded a reduced growth pace compared to recent months reflected in the decelerated recruitment growth trends for architecture/ engineering and computer and mathematical occupations
Finance and Insurance (up three percent) remained flat month-over-month with continued recruitment activity for sales agents and personal financial advisors, as well as information/records clerks
Public administration (down 15 percent) continued to chart the steepest annual decline in the Index
Top Growth Industries
Year-over-year Growth | Sep | Sep | % Growth | |||||||||
Retail Trade | 170 | 191 | 12% | |||||||||
Construction | 195 | 217 | 11% | |||||||||
Transportation and Warehousing | 198 | 219 | 11% | |||||||||
Administrative, Support and Waste Management Services | 60 | 66 | 10% | |||||||||
Agriculture, Forestry, Fishing and Hunting | 213 | 231 | 8% | |||||||||
Lowest Growth Industries
Year-over-year Growth | Sep | Sep | % Growth | |||||||||
Management of Companies and Enterprises | 110 | 110 | 0% | |||||||||
Utilities | 148 | 146 | -1% | |||||||||
Educational Services | 89 | 87 | -2% | |||||||||
Information | 109 | 103 | -6% | |||||||||
Public Administration | 144 | 123 | -15% | |||||||||
Occupation Year-over-year Trends: Annual online demand for workers rose in 19 of 23 occupational categories in August.
Healthcare Occupations - Healthcare Support (up 17 percent) and Healthcare Practitioners and Technical (up 14 percent) recorded double-digit growth in September
Computer and Mathematical remained flat; while Production (down five percent) turned negative in September
Top Growth Occupations
Year-over-year Growth | Sep | Sep | % Growth | |||||||||
Building, Grounds Cleaning, and Maintenance | 115 | 139 | 21% | |||||||||
Healthcare Support | 223 | 262 | 17% | |||||||||
Healthcare Practitioners and Technical | 165 | 188 | 14% | |||||||||
Farming, Fishing, and Forestry | 167 | 189 | 13% | |||||||||
Installation, Maintenance, and Repair | 169 | 191 | 13% | |||||||||
Lowest Growth Occupations
Year-over-year Growth | Sep | Sep | % Growth | |||||||||
Education, Training, and Library | 125 | 127 | 2% | |||||||||
Protective Service | 65 | 66 | 2% | |||||||||
Management | 143 | 144 | 1% | |||||||||
Computer and Mathematical | 128 | 128 | 0% | |||||||||
Production | 138 | 131 | -5% | |||||||||
Geographic year-over-year Trends: All 28 metro markets recorded positive annual growth in September.
Atlanta (up 13 percent)led all metro markets in terms of annual growth with notable momentum gains in occupational categories like management and healthcare
New York (up 10 percent) and Los Angeles (up 11 percent)gained momentum from August levels with a return to double-digit annual growth rate. Growth was recorded in computer and mathematical, business and financial operations, and arts, design, entertainment, sports and media for both markets
Growth eased for Midwestern markets monitored by the Index, with Cleveland (up one percent); Kansas City (up three percent); Indianapolis (up nine percent) and Chicago (up nine percent) recording decelerated annual growth pace from the prior month
Top Growth Metro Markets
Year-over-year Growth | Sep | Sep | % Growth | |||||||||
Atlanta | 104 | 118 | 13% | |||||||||
St.Louis | 128 | 144 | 13% | |||||||||
Tampa | 89 | 100 | 12% | |||||||||
Dallas | 120 | 134 | 12% | |||||||||
Houston | 142 | 158 | 11% | |||||||||
Lowest Growth Metro Markets
Year-over-year Growth | Sep | Sep | % Growth | |||||||||
Washington, D.C. | 63 | 66 | 5% | |||||||||
Pittsburgh | 176 | 184 | 5% | |||||||||
Phoenix | 79 | 82 | 4% | |||||||||
Kansas City | 113 | 116 | 3% | |||||||||
Cleveland | 134 | 135 | 1% | |||||||||
International Trends:
Monster Employment Index Europe continued to demonstrate an annual reduction in online recruitment, declining by two percent in September. Environment, architecture/ urbanism and Education were the only two sectors to record double-digit annual growth, while Germany continued to remain the top growth country although at a decelerated pace of 3 percent.
Monster Employment Index India rises five percent from a year ago in August. Shipping/Marine continues to record the highest growth, while the printing and packaging sector also records strong annual growth. Among occupations, arts/ creative and management record solid annual growth.
To obtain a full copy of the Monster Employment Index U.S. report for September 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 October will be released on November 2, 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.
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Monster Worldwide
Deepika Murty, 978-461-8765
deepika.murty@monster.com
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