Monster Employment Index Rises 7% Year-over-Year
Monster Employment Index Rises 7% Year-over-Year
November 2012 Index Highlights:
- Monster Employment Index U.S. grows seven percent on annual basis in November
- Retail Trade (up 16 percent) leads all sectors in annual growth, while real estate and rental and leasing sector continued to track double-digit growth
- Arts, Entertainment and Recreation and Utilities record negative year-over-year growth, while Management of Companies and Information remain flat
- Among the metro markets tracked by the Index, Los Angeles records top growth, while New York loses momentum
The Monster 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: 14 of the 19 industries monitored by the Index showed positive annual growth trends.
- Retail Trade (up 16 percent) accelerated from the 10 percent growth recorded in October, with notable hiring activity for sales professionals and supervisory workers. The sector continues to record escalation in hiring, especially for computer-related and creative positions within the eCommerce segment
- Real Estate and Rental and Leasing (up 14 percent) also recorded accelerated growth in November with increased opportunities across a diverse set of occupations, extending beyond sales and administrative positions
- Finance and Insurance (up nine percent)gained momentum in November, positively impacted by growth in the Real Estate sector
- Administrative, Support and Waste Management (up 12 percent) climbed into the top five growth sectors driven by escalation in recruitment for temporary help workers
- Arts, Entertainment, and Recreation (down two percent) and Utilities (down three percent) were the only industries to record reductions in online job demand over the year
Top Growth Industries
|Real Estate and Rental and Leasing||57||65||14%|
|Transportation and Warehousing||211||238||13%|
|Administrative, Support and Waste Management||59||66||12%|
Lowest Growth Industries
|Management of Companies and Enterprises||112||112||0%|
|Agriculture, Forestry, Fishing, and Hunting||230||229||0%|
|Arts, Entertainment, and Recreation||41||40||-2%|
Occupation Year-over-year Trends: Annual online demand for workers rose in 11 of 23 occupational categories in November.
- Healthcare Practitioners and Technical (up 23 percent) and Architecture and Engineering (up 22 percent) were the top two growth categories in November
- Management (down one percent) and Military-specific (down two percent) were the only two categories to record negative annual growth
Top Growth Occupations
|Healthcare Practitioners and Technical||163||201||23%|
|Architecture and Engineering||115||140||22%|
|Personal Care and Service||71||85||20%|
|Life, Physical, and Social Science||122||139||14%|
Lowest Growth Occupations
|Transportation and Material Moving||145||147||1%|
|Farming, Fishing, and Forestry||180||182||1%|
Geographic year-over-year Trends: 26 of the 28 metro markets recorded positive annual growth in November.
- Los Angeles (up 21 percent)led all metro markets in terms of annual growth with gains in occupational categories like computer and mathematical, as well as architecture and engineering. Generally positive growth trends also emerged for life/physical/social sciences, legal, and healthcare practitioners
- New York (up six percent) registered a slowdown month-over-month, with recruitment activity likely being impacted by extreme weather events at the end of October. The sales and related category recorded the most notable loss of momentum while construction and installation/maintenance/repair recorded growth, likely temporary
- Orlando (down one percent)became the first metro market to chart reductions in annual growth since March 2010. November saw notable downturns in occupations like management, office and administrative support, and military specific
Top Growth Metro Markets
Lowest Growth Metro Markets
- Monster Employment Index Europe continued to demonstrate a fourth consecutive month of annual reduction in online recruitment, declining by four percent in November. Environment, architecture/ urbanism records seventh consecutive month of growth while Transport, post and logistics reports the greatest decline. Belgium and the United Kingdom are the only two regions to report annual growth, both up by one percent
- Monster Employment Index India rises 13 percent from a year ago in October. Shipping/Marine continues to outpace all industries in terms of annual growth, while NGO/ social services sector also records strong growth.
To obtain a full copy of the Monster Employment Index U.S. report for November 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 December will be released on January 4, 2013.
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.
Deepika Murty, 978-461-8765
KEYWORDS: United States North America New York
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