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Oct 18, 2007: Monster Local Employment Index Reports Online Recruitment Activity Rose in 22 of 28 Top U.S. Metro Markets in September
NEW YORK--(BUSINESS WIRE)--Oct. 18, 2007--Online job availability rose in 22 of the top 28 U.S. metro markets in September, reflecting a modest rise in online recruitment activity across a majority of major U.S. markets, according to the Monster Local Employment Index. The Index is based on a real-time review of millions of employer job opportunities culled from more than 1,500 different Web sites, including Monster(R).
"The September findings of the Monster Local Employment Index demonstrate a slight pick-up in online recruitment activity across a majority of the nation's largest metro areas," said Steve Pogorzelski, Executive Vice President, Global Sales and Customer Development at Monster Worldwide. "Online job availability remains up on the year in most markets, but is generally growing at a slower pace, suggesting loosening labor market conditions across the country."
Cincinnati, Detroit and Pittsburgh registered the strongest rate of increase in online job demand in September. Online opportunities in management; architecture and engineering; and computer and mathematical occupations surged in Cincinnati and Detroit last month. The healthcare industry also contributed, with the healthcare practitioners and technical category increasing more than any other category in Cincinnati last month, while in Detroit, the category is up 15 percent year-over-year. Over the quarter, online job availability for computer and mathematical occupations also increased in both cities. Meanwhile, online recruitment activity continued to soar in Pittsburgh, reflecting historically tight labor market conditions and high demand for technically skilled workers in both white-collar (IT, engineering) and blue-collar (installation, maintenance, and repair) occupations.
Online job availability also rose in Denver last month, continuing a three-month upward growth trend and bringing the Index for Denver to a near-record annual growth pace following a summertime slump. The increase in September was largely driven by higher local demand for education and skilled healthcare professionals. At the same time, Denver is also the top growth market for legal occupations over the year. Meanwhile, online demand for military specific occupations edged down further and is down 19 percent over the year, reflecting softer demand for state and local government jobs. Protective service occupations, another public sector-dominant category, also showed contraction in online opportunities, although no long-term downtrend has been established.
Online job demand in St. Louis edged up two percent during September, solidifying its rank as the fourth strongest Index market in terms of year-over-year growth for the sixth consecutive month. St. Louis is also the Index's top growth market year-over-year for office and administrative support occupations. The high volume of online job opportunities within the management; life, physical, and social sciences; and education, training, and library categories for St. Louis suggests considerable tightness in the area's labor market.
Following a sharp housing-driven slowdown in the first half of the year, online recruitment activity in Phoenix recovered over the summer months, and edged up further in September. As a result, Phoenix is once again an above-average Index market in terms of online job availability. Like many other Index markets, opportunities for workers in education and healthcare is driving online job availability in Phoenix, while IT and other service occupations are also in high demand. However, the stagnation seen over the past year reflects generally slow growth throughout the white- and blue-collar occupations, with perhaps a negative bias towards housing-related and government employment.
In all, 25 of the 28 Index markets are showing increased online job availability on a year-over year-basis. Results for the top 28 U.S. metro markets over the past 13 months are as follows:
SEP AUG JUL JUN MAY APR MAR FEB JAN DEC NOV OCT SEP 07 07 07 07 07 07 07 07 07 06 06 06 06 ------------------ --- --- --- --- --- --- --- --- --- --- --- --- --- Atlanta 120 117 118 118 117 117 115 113 106 109 110 111 110 ------------------ --- --- --- --- --- --- --- --- --- --- --- --- --- Baltimore 105 103 104 104 106 106 106 105 101 105 106 107 106 ------------------ --- --- --- --- --- --- --- --- --- --- --- --- --- Boston 108 108 106 108 111 107 105 104 102 103 105 108 107 ------------------ --- --- --- --- --- --- --- --- --- --- --- --- --- Chicago 114 113 112 112 112 112 110 109 102 105 109 110 108 ------------------ --- --- --- --- --- --- --- --- --- --- --- --- --- Cincinnati 110 106 107 107 107 107 106 108 103 105 108 106 106 ------------------ --- --- --- --- --- --- --- --- --- --- --- --- --- Cleveland 118 117 116 115 117 116 115 113 106 110 113 113 108 ------------------ --- --- --- --- --- --- --- --- --- --- --- --- --- Dallas 122 120 121 123 126 122 118 114 108 107 111 110 110 ------------------ --- --- --- --- --- --- --- --- --- --- --- --- --- Denver 124 121 120 119 120 117 113 108 104 108 112 112 112 ------------------ --- --- --- --- --- --- --- --- --- --- --- --- --- Detroit 110 106 107 107 108 107 108 108 103 106 110 109 108 ------------------ --- --- --- --- --- --- --- --- --- --- --- --- --- Houston 135 137 134 132 132 131 126 122 115 117 120 120 117 ------------------ --- --- --- --- --- --- --- --- --- --- --- --- --- Indianapolis 110 109 108 110 111 113 109 108 103 104 109 108 108 ------------------ --- --- --- --- --- --- --- --- --- --- --- --- --- Kansas City 121 119 118 119 118 117 113 111 108 110 114 114 113 ------------------ --- --- --- --- --- --- --- --- --- --- --- --- --- Los Angeles 110 110 109 113 117 117 115 110 103 103 104 105 104 ------------------ --- --- --- --- --- --- --- --- --- --- --- --- --- Miami 114 113 111 111 113 112 111 108 104 105 107 108 106 ------------------ --- --- --- --- --- --- --- --- --- --- --- --- --- Minneapolis 119 116 115 119 117 115 112 110 108 110 114 116 113 ------------------ --- --- --- --- --- --- --- --- --- --- --- --- --- New York City 112 111 110 110 110 111 109 108 103 104 108 108 106 ------------------ --- --- --- --- --- --- --- --- --- --- --- --- --- Orlando 108 108 108 108 113 108 108 106 102 103 107 106 105 ------------------ --- --- --- --- --- --- --- --- --- --- --- --- --- Philadelphia 112 109 108 108 112 109 108 104 103 104 107 106 105 ------------------ --- --- --- --- --- --- --- --- --- --- --- --- --- Phoenix 116 115 112 114 113 111 111 106 105 105 110 110 111 ------------------ --- --- --- --- --- --- --- --- --- --- --- --- --- Pittsburgh 122 118 115 117 116 114 112 108 105 105 109 109 106 ------------------ --- --- --- --- --- --- --- --- --- --- --- --- --- Portland 122 122 119 119 120 116 114 109 105 105 111 113 112 ------------------ --- --- --- --- --- --- --- --- --- --- --- --- --- Sacramento 113 112 110 111 113 112 111 108 102 105 108 109 106 ------------------ --- --- --- --- --- --- --- --- --- --- --- --- --- San Diego 102 104 103 106 109 110 109 106 103 106 110 111 110 ------------------ --- --- --- --- --- --- --- --- --- --- --- --- --- San Francisco 117 115 113 112 115 114 112 111 107 107 111 111 109 ------------------ --- --- --- --- --- --- --- --- --- --- --- --- --- Seattle 113 116 114 115 117 113 112 110 106 108 111 113 112 ------------------ --- --- --- --- --- --- --- --- --- --- --- --- --- St. Louis 123 120 119 123 123 122 121 113 106 104 108 111 109 ------------------ --- --- --- --- --- --- --- --- --- --- --- --- --- Tampa 102 101 101 104 106 108 107 105 101 100 103 104 103 ------------------ --- --- --- --- --- --- --- --- --- --- --- --- --- Washington, D.C. 108 107 104 106 108 107 106 102 100 101 104 106 106 ------------------ --- --- --- --- --- --- --- --- --- --- --- --- ---In an effort to present a single, complete snapshot of U.S. national and local online recruitment trends, the results of the Monster Local Employment Index will be reported each month as part of the monthly findings of the national Monster Employment Index beginning on November 1, 2007. Monthly data table for each of the 28 markets will be made available for download at http://LocaleIndex.monsterworldwide.com on the same day the Monster Employment Index findings are published.
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 Research America, Inc. of Newtown Square, Pennsylvania. 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.
CONTACT: Monster Worldwide Kathryn Burns, 212-351-7063 kathryn.burns@monsterworldwide.com or Weber Shandwick Lauren McDonald, 617-520-7116 lmcdonald@webershandwick.com SOURCE: Monster Worldwide, Inc.
