Monster Employment Index Rises 3% Year-over-Year
Monster Employment Index Rises 3% Year-over-Year
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:
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
|Real Estate and Rental and Leasing||57||62||9%|
|Transportation and Warehousing||207||223||8%|
Lowest Growth Industries
|Accommodation and Food Services||104||100||-4%|
|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
|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
|Education, Training, and Library||127||124||-2%|
|Computer and Mathematical||161||155||-4%|
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
Lowest Growth Metro Markets
- 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.
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Deepika Murty, 978-461-8765
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