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Fourteen of the Top 28 U.S. Metro Markets Hold Steady or Show Greater Online Job Availability in November, According to the Monster Local Employment Index
NEW YORK--(BUSINESS WIRE)--Dec. 21, 2006--Online job availability increased or remained unchanged in half of the top 28 U.S. metro markets in November, as employers across the country wrapped up recruitment of temporary workers for the holiday season, according to the latest findings of the Monster Local Employment Index. A majority of the markets tracked by the Index showed only marginal changes - plus or minus one-to-two points - suggesting no significant shift in overall online job demand.
Online job opportunities for business and financial operations rose or held steady in 22 of the 28 monitored markets, indicating continued strong demand for finance and accounting professionals, particularly as financial services companies begin preparing for the upcoming auditing and tax season. In addition, online recruitment for education, training and library; as well as food preparation and serving related occupations are up on a year-over-year basis in all 28 monitored markets, showing strong demand nationwide for teachers and food service industry professionals. Cincinnati, which already leads the Index in terms of year-over-year growth for management occupations, registered the largest overall month-to-month rise in November, driven mainly by a sharply higher demand for white-collar professionals in business and financial occupations.
"The Monster Local Employment Index findings for November demonstrate a seasonal slowdown in recruitment activity across most major U.S. cities as many employers wrapped-up their recruitment of temporary support staff for the holiday season," said Steve Pogorzelski, Group President, International at Monster Worldwide. "However, compared to last year, demand for workers remains elevated in a majority of large metro areas, reflecting tightened local labor markets in a majority of the country's largest municipalities."
The Houston metro market, which remained the fastest growing online recruitment market on a year-over-year basis by a wide margin, held steady at a level of 120 in November, following a four-month growth streak. Growth in online recruitment in the Houston metro area has been driven by a booming oil and gas industry, rising international trade and a strong aerospace and defense industry. Solid population growth in the metro area also has created new job opportunities in the services sector and helped uphold local demand for housing.
Meanwhile, Dallas, Indianapolis and Philadelphia were among the markets showing greater online job availability between October and November. Increased online recruitment activity in Dallas was fueled by more opportunities in the broad services sector, while Indianapolis benefited from higher demand for researchers and scientists. Widened job offers in office and administrative support occupations, as well as within the installation/repair and cleaning/maintenance industries, helped drive marginal growth in the Philadelphia metro market.
Boston and St. Louis each fell three points and registered the sharpest declines in November, following a three-month period of gradually rising demand. Boston saw online availability ease among business and professional services occupations, as well as in construction related categories. Most categories in St. Louis declined in November, with the notable exceptions of business and financial operations; and transportation.
On a year-over-year basis, Houston is followed by Cleveland, Kansas City and Minneapolis as the fastest growing online recruitment markets. In contrast, Los Angeles, Baltimore and Washington, D.C. occupy the bottom spots.
Protective service occupations remained the strongest growth rate performers over the past 12 months, followed by food preparation and serving; arts, design, entertainment, sports and media; education, training and library; and building and grounds cleaning and maintenance related positions. Overall results for the top 28 U.S. metro markets over the past 12 months are as follows:
NOV OCT SEP AUG JUL JUN MAY APR MAR FEB JAN DEC NOV 06 06 06 06 06 06 06 06 06 06 06 05 05 ---------------------------------------------------------------------- Atlanta 110 111 110 108 106 106 106 106 105 103 99 100 101 ---------------------------------------------------------------------- Baltimore 106 107 106 107 102 103 103 104 103 102 99 101 103 ---------------------------------------------------------------------- Boston 105 108 107 107 100 104 106 104 103 102 99 100 101 ---------------------------------------------------------------------- Chicago 109 110 108 107 104 105 106 105 104 102 97 99 101 ---------------------------------------------------------------------- Cincinnati 108 106 106 105 106 105 109 105 101 102 98 100 101 ---------------------------------------------------------------------- Cleveland 113 113 108 109 105 106 107 108 104 103 97 97 99 ---------------------------------------------------------------------- Dallas 111 110 110 109 107 107 108 107 106 103 98 100 101 ---------------------------------------------------------------------- Denver 112 112 112 113 109 106 109 109 107 102 99 98 101 ---------------------------------------------------------------------- Detroit 110 109 108 108 104 104 106 105 103 103 99 99 102 ---------------------------------------------------------------------- Houston 120 120 117 115 112 111 112 110 107 105 100 100 100 ---------------------------------------------------------------------- Indianapolis 109 108 108 107 107 105 106 109 105 103 98 99 100 ---------------------------------------------------------------------- Kansas City 114 114 113 111 106 107 109 107 104 103 97 99 100 ---------------------------------------------------------------------- Los Angeles 104 105 104 101 104 102 104 104 105 103 100 100 102 ---------------------------------------------------------------------- Miami 107 108 106 105 103 105 106 106 106 104 100 100 98 ---------------------------------------------------------------------- Minneapolis 114 116 113 111 109 109 108 107 106 103 99 100 102 ---------------------------------------------------------------------- New York City 108 108 106 106 102 104 106 106 103 103 98 99 101 ---------------------------------------------------------------------- Orlando 107 106 105 105 103 101 103 103 103 101 100 100 101 ---------------------------------------------------------------------- Philadelphia 107 106 105 105 102 101 103 103 103 103 101 101 101 ---------------------------------------------------------------------- Phoenix 110 110 111 112 110 111 113 109 106 103 101 102 102 ---------------------------------------------------------------------- Pittsburgh 109 109 106 106 103 102 103 103 106 104 101 99 102 ---------------------------------------------------------------------- Portland 111 113 112 115 107 108 110 106 102 103 100 101 101 ---------------------------------------------------------------------- Sacramento 108 109 106 109 105 103 106 109 108 107 98 98 100 ---------------------------------------------------------------------- San Diego 110 111 110 115 107 106 107 106 105 106 100 101 102 ---------------------------------------------------------------------- San Francisco 111 111 109 110 105 105 106 106 106 105 99 100 100 ---------------------------------------------------------------------- Seattle 111 113 112 115 109 109 110 108 106 103 100 101 100 ---------------------------------------------------------------------- St. Louis 108 111 109 108 105 108 107 107 106 104 100 99 100 ---------------------------------------------------------------------- Tampa 103 104 103 106 104 104 106 106 106 104 101 99 100 ---------------------------------------------------------------------- Washington, D.C. 104 106 106 106 101 100 102 102 103 102 99 100 101 ----------------------------------------------------------------------The December results of the Monster Local Employment Index will be released on January 22, 2007.
About the Monster Local Employment Index
Providing a broad, comprehensive monthly analysis of online job demand in the top 28 U.S. metro markets, the Monster Local Employment Index is an extension of the national Monster Employment Index, which is compiled each month by researchers at Monster Worldwide, Inc. (NASDAQ: MNST), parent company of the leading global online career and recruitment resource, Monster(R). Based on a real-time review of millions of employer job opportunities culled from more than 1,500 Web sites, including Monster(R), the Monster Local Employment Index presents a snapshot of employer online recruitment activity in the top 28 U.S. markets with the largest working populations.
The Index counts job postings as an indicator of employer demand for employees or, in other words, job availability. Job postings are online advertisements placed by an employer looking to fill one or more vacant, or recently created, job positions. All of the data and findings have been validated for accuracy through independent, monthly third party auditing conducted by ARC Research of Cranford, New Jersey. Individual Index reports containing data for each of the 28 metro markets, as well as additional information on occupational demand in each area, are now available at http://LocaleIndex.monsterworldwide.com.
About Monster Worldwide
Monster Worldwide, Inc. (NASDAQ: MNST) parent company of Monster(R), 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 and the NASDAQ 100. To learn more about Monster's industry-leading products and services, visit www.monster.com. More information about Monster Worldwide is available at www.monsterworldwide.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, seasonality 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.
CONTACT: Monster Worldwide Kathryn Burns, 212-351-7063 kathryn.burns@monsterworldwide.com or Weber Shandwick Lauren McDonald, 617-520-7116 lmcdonald@webershandwick.com or Christian Harper, 212-445-8135 charper@webershandwick.com SOURCE: Monster Worldwide, Inc.
