Monster Employment Index U.S. Continues Positive Growth Trend - Up 11% Year-over-year

NEW YORK, Nov 04, 2011 (BUSINESS WIRE) -- October 2011 Index Highlights:

  • Monster Employment Index U.S. shows positive annual growth trend at 11% in October, demonstrating improved overall online job availability compared to October 2010
  • Index edges up in October from September, driven in part, by recruitment for temporary positions in the pre-holiday season
  • All metro markets tracked by the Index exhibit positive annual growth
  • Retail trade and manufacturing record accelerating growth trends, in line with seasonal expectations
  • Public administration registers the steepest annual decline, dropping 30% year-over-year, its lowest level in the Index

The Monster Employment IndexU.S. is a monthly gauge of U.S. online job demand 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.

"The Index recorded positive momentum coming into the pre-holiday season. Employers are proceeding with hiring as planned, indicated by solid seasonal demand for temporary workers in short-term positions within the retail and manufacturing sectors," said Jesse Harriott, senior vice president and chief knowledge officer at Monster Worldwide. "Overall, this demonstrates an encouraging sign for the U.S. labor market during the holiday season; however substantial job-creation has yet to occur for the economy to see pre-recessionary levels of recruitment."

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

May
10

Jun
10

Jul
10

Aug
10

Sep
10

Oct
10

Nov
10

Dec
10

Jan
11

Feb
11

Mar
11

Apr
11

May
11

Jun
11

Jul
11

Aug
11

Sep
11

Oct
11

Y-O-Y
134 141 138 136 138 136 134 130 122 129 136 145 143 146 144 147 148 151 11%

Industry Year-over-year Trends: 15 of the 20 industries monitored by the Index showed positive annual growth trends.

  • Information (up 27 percent) remained amidst the top growth sectors with continued demand for professionals in software, digital media, and telecommunications
  • Retail Trade (up 26 percent) exhibited notable expansion in online recruitment levels suggesting that some employers are fully proceeding with their seasonal hiring efforts
  • Manufacturing (up 18 percent) registered an accelerated growth pace in October
  • Public Administration (down 30 percent) continued to record the steepest decline in October, dropping to a new low in the Index

Top Growth Industries

Year-over-year Growth

Oct
10

Oct
11

% Growth
Y-o-y

Mining, Quarrying, Oil and Gas Extraction 197 283 44%
Agriculture, Forestry, Fishing, and Hunting 178 230 29%
Transportation and Warehousing 162 207 28%
Information 82 104 27%
Retail Trade 145 183 26%

Lowest Growth Industries

Year-over-year Growth

Oct
10

Oct
11

% Growth
Y-o-y

Educational Services 90 90 0%
Utilities 137 134 -2%
Construction 191 186 -3%
Real Estate and Rental and Leasing 60 57 -5%
Public Administration 213 150 -30%

Occupation Year-over-year Trends:Annual online demand for workers rose in 19 of 23 occupational categories in September.

  • Personal care and service (up 71 percent) recorded the highest growth in October
  • Computer and Mathematical (up 24 percent) recorded strong growth in October as reflected by growth in the broader Information sector
  • Protective Service (down 27 percent) continued to record the weakest long-term trend among occupations

Top Growth Occupations

Year-over-year Growth

Oct
10

Oct
11

% Growth
Y-o-y

Personal Care and Service 45 77 71%
Transportation and Material Moving 105 142 35%
Architecture and Engineering 86 115 34%
Computer and Mathematical 103 128 24%
Installation, Maintenance, and Repair 146 178 22%

Lowest Growth Occupations

Year-over-year Growth

Oct
10

Oct
11

% Growth
Y-o-y

Healthcare Practitioners and Technical 163 167 2%
Education, Training, and Library 126 127 1%
Building, Grounds Cleaning, and Maintenance 116 115 -1%
Construction and Extraction 114 113 -1%
Protective Service 89 65 -27%

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

  • Orlando (up 33 percent) replaced Cleveland as top growth market with emerging demand for legal, office and administrative, as well as production occupations
  • Washington DC (up 25 percent) recorded a notable expansion in opportunitiesforarchitecture and engineering, computer and mathematical, and life, physical, and social sciences
  • New York City (up 5 percent) continued to exhibit the slowest growth among major metros

Top Growth Metro Markets

Year-over-year Growth

Oct
10

Oct
11

% Growth
Y-o-y

Orlando 55 73 33%
Detroit 99 130 31%
Cleveland 103 132 28%
Minneapolis 96 123 28%
Cincinnati 83 105 27%

Lowest Growth Metro Markets

Year-over-year Growth

Oct
10

Oct
11

% Growth
Y-o-y

Phoenix 74 80 8%
Denver 103 111 8%
Boston 82 88 7%
Los Angeles 69 74 7%
New York City 85 89 5%

International Trends:

  • Monster Employment Index Europe registered a 14 percent annual growth rate in October. The engineering sector continued to lead the index with the largest year-over-year growth while opportunities in industrial production and related sectors continued to be among top growth sectors. Germany continued to lead all countries in annual growth
  • Monster Employment Index India recorded a 12 percent increase year-over-year in September. Media and entertainment continued to lead all industrial sectors, while banking and finance recorded a strong 33 percent annual increase

To obtain a full copy of the Monster Employment Index U.S. report for October 2011, 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 2011 will be released on December 2, 2011.

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 demand conducted 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. (NYSE: MWW), parent company of MonsterĀ®, 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. To learn more about Monster's industry-leading products and services, visit http://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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SOURCE: Monster Worldwide, Inc.

General Information:
Monster Worldwide
Deepika Murty, 978-461-8765
Deepika.Murty@monster.com
or
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Matthew Henson, 978-823-2627
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