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European Online Recruitment Up 25% Year-on-Year, Reports Monster Employment Index

European Online Recruitment Up 25% Year-on-Year, Reports Monster Employment Index
January 2011 Index Highlights:
The Monster Employment Index Europe reported annual growth of 25% in January, the most rapid pace seen during the current economic cycle
Recruitment remained relatively active, with less seasonal slow-down than is typically seen for the month. However, Real estate was the only sector to see increased demand from December to January, driven by growth in Germany and France. Transport, post and logistics noted the greatest annual gain
Public sector opportunities continued to reduce, aligning with trends of reductions in government spending in many European countries
Online job demand for Managers edged down slightly on a monthly basis
Germany continued to lead all countries in annual growth Italy eased following a high performing December
Summary Overview
Long term online recruitment levels improved again, with the annual growth rate accelerating from 22% in December to 25% in January.
The seasonal slow-down was mild, relative to what is typically seen at this time of year. Engineering and production, manufacturing, maintenance, repair recorded notably mild degrees of easing on the month. These sectors continue to be among the largest contributors to Europes overall job market turnaround.
Public sector job opportunities hit the lowest level since May 2010, reflecting significant cuts in government spending across the continent. Following a sharp rise in growth in education, training and library in December relating to the start of a new semester, the sector reduced to normal levels in January although remained up year-on-year.
The Monster Employment Index Europe is a monthly analysis of millions of online job opportunities culled from a large, representative selection of corporate career sites and job boards across Europe, including Monster.
Monster Employment Index Europe results for the past 13 months are as follows:

Jan 11

Dec 10

Nov 10

Oct 10

Sep 10

Aug 10

Jul 10

Jun 10

May 10

Apr 10

Mar 10

Feb 10

Jan 10

116

122

122

122

117

115

115

114

112

108

104

101

93

The long term picture continues to improve, with Europes industrial production, together with a high performing market in Germany, creating the highest annual growth rate seen since the recession, commented Andrea Bertone, Vice President of Business Operations at Monster Europe. However, the Index shows the impact of tighter government spending, with significant reductions in public sector opportunities. The months ahead will be key as we see the currently-growing private sector react to these cut-backs.
Real estate leads monthly online job demand
Online job demand increased in just one sector in January with real estate registering a one point (1%) monthly increase. This was largely driven by Germany, together with small improvements in France and Poland. Year-on-year, the sectors recruitment levels are up 24%, with activity largely
focused on commercial rather than residential property.
Engineering exhibited some easing on the month with a reduction of four points (3%). However, the sector typically sees a decline at this time of year and the long-term trend continues to strengthen year-on-year, at 34%. This trend was mirrored in transport, post and logistics (up 60% year on year) production, manufacturing, maintenance and repair (up 55% year on year) IT (up 12% year on year) and research and development (up 44% year on year).
Financial services carried some recruitment momentum into the New Year. Accounting, audit, taxes edged down marginally by one point (1%) on the month, buoyed by robust demand in UK and Germany. From an annual growth view, the sector is now up 11% in the Index. Meanwhile, banking, finance, insurance saw its annual growth improve to a 5% pace.
Education, training, library registered the steepest monthly decline among sectors in the January Index, down 23 points (11%). The sector has historically seen seasonal declines in January of similar degree the sectors long-term trend stayed on track, as annual growth remained at 16%. General public sector opportunities reduced by six points (7%) this month, dropping the sectors 12-month trend into negative territory.
Online job demand exhibited positive growth across all occupations for the year
Each of the nine occupational groups monitored by the Index registered monthly declines in online job demand in January, although the annual trends were positive year-on-year across all groups.
Annual growth in demand for plant and machine operators, and assemblers accelerated to 67% in January, leading all occupational groups. This aligns with trends seen in the production, manufacturing, maintenance, repair sector the groups largest employer.
Managers saw mild easing in online recruitment activity in January of two points (2%), reflecting widely sustained demand for white collar professionals. Annual growth for the group improved to 17%.
Service and sales workers and elementary occupations registered downshifts in long-term growth. Nonetheless, demand remains substantially higher than it was a year ago in both occupational groups.
Country Highlights:
Belgium: The Monster Employment Index Belgium demonstrated annual growth of 16% in January, indicating continued long-term momentum in the Belgian labour market. However, online recruitment activity in January was down from December aligning with the seasonal precedent for the start of each year.
France: Online job demand exhibited seasonal easing of seven % in January while annual growth was reported at 23%, an accelerated year-on-year result compared to December. Marketing, PR and media was the only sector to register a gain on the month, increasing one point (1%), while other professional service sectors including research and development IT and management and consulting logged relatively mild declines for this time of year.
Germany: While online recruitment eased on the month, the annual growth rate in January is the most rapid of the current economic cycle, with Germany remaining among the top trending European countries by measure of long-term growth in the Index. Year-on-year online demand has grown by 37%. Banking, finance and insurance, and accounting, audit, taxes were among professional service sectors to record improvement in long-term growth trends in January, suggesting a slight return to confidence of employers in these sectors.
Italy: Online recruitment opportunities in Italy maintained steady long-term growth, while the sequential month view illustrated seasonal easing of 11% between December 2010 and January 2011.
Netherlands:
The Monster Employment Index Netherlands eased month-on-month in January by three points (3%), reflecting a relatively strong start to the year given the more dramatic December-January declines historically seen in the Index. Annual growth accelerated to 7%, up from Decembers 3% rate, reflecting a more robust pace of long-term improvement. Among industries, research and development IT and engineering recruitment were strong for this time of year, with a resultant up-shift in annual growth.
Sweden: According to Monster Employment Index Sweden, online job opportunities grew by 32% annually. The monthly view revealed a dip of nine points (6%) in January which aligns with seasonal patterns historically seen in the Index during the December-January transition period.
UK: The Monster Employment Index UK demonstrated a 15% increase in online job demand since January last year, suggesting positive momentum in the UK jobs market. IT led all sectors in terms of annual growth, exhibiting a 34% increase. Banking, finance and insurance was also slightly improved on the year. Month on month the Index showed a slight decline, but this is a usual trend for early January as companies come back after the holiday season.
Best Performing Sectors
Industry sectors showing the highest rate of increase in online job availability included:
Month-on-month

Industry

Jan 11

Dec 10

%

Real estate

104

103

1%

Management and consulting

109

109

0%

Healthcare, social work

575

576

0%

IT

93

94

-1%

Accounting, audit, taxes

91

92

-1%

Year-on-year

Industry

Jan 11

Jan 10

%

Transport, post and logistics

144

90

60%

Production, manufacturing, maintenance, repair

200

129

55%

Hospitality and tourism

195

139

40%

Engineering

130

97

34%

Telecommunication

86

68

26%

Findings for the seven countries tracked by the Monster Employment Index Europe for the past 13 months are as follows:

Region

Jan 11

Dec 10

Nov 10

Oct 10

Sep 10

Aug 10

Jul 10

Jun 10

May 10

Apr 10

Mar 10

Feb 10

Jan 10

Belgium

101

110

110

108

106

105

108

106

113

108

102

94

87

France

124

134

133

135

116

116

127

122

127

116

114

114

101

Germany

133

134

135

131

128

124

122

116

111

110

104

100

97

Italy

135

152

148

134

127

132

135

133

131

129

126

119

110

Netherlands

89

92

92

90

86

91

95

96

95

88

88

85

83

Sweden

143

152

150

140

134

123

132

141

142

137

132

125

108

United Kingdom

128

133

130

138

131

130

129

131

130

121

126

124

111

Monster Employment Index Europe findings across occupational categories for the past 13 months are as follows:

Occupation

Jan 11

Dec 10

Nov 10

Oct 10

Sep 10

Aug 10

Jul 10

Jun 10

May 10

Apr 10

Mar 10

Feb 10

Jan 10

Managers

112

114

103

105

102

101

105

108

109

104

104

104

96

Professionals

117

122

121

121

116

114

114

113

113

108

108

106

99

Technicians and associate professionals

108

113

112

116

111

110

111

111

110

107

104

100

94

Clerical support workers

123

127

128

130

125

121

122

126

126

120

113

113

106

Service and sales workers

234

260

265

258

257

242

245

244

235

226

213

194

162

Skilled agricultural, forestry and fishery workers

136

153

172

179

159

174

175

188

191

183

158

146

118

Craft and related workers

172

180

183

181

174

163

160

149

143

138

129

123

117

Plant and machine operators, and assemblers

100

108

110

105

101

100

99

91

84

79

74

68

60

Elementary occupations

153

166

169

165

165

164

160

146

137

131

121

116

106

Monster Employment Index Europe findings across industry sectors for the past 13 months are as follows:

Industry

Jan 11

Dec 10

Nov 10

Oct 10

Sep 10

Aug 10

Jul 10

Jun 10

May 10

Apr 10

Mar 10

Feb 10

Jan 10

Accounting, audit, taxes

91

92

92

94

91

92

90

88

89

87

87

86

82

Administrative, organisation

95

97

98

98

94

94

96

97

95

92

89

87

80

Agriculture, fishing and forestry

90

101

112

116

104

114

116

122

125

122

106

97

79

Arts, entertainment, sports, leisure

105

108

104

107

104

107

121

135

138

132

139

133

121

Automotive

101

109

113

107

106

117

118

107

115

111

103

93

81

Banking, finance, insurance

80

84

85

87

85

87

87

87

87

84

84

82

76

Construction and extraction

113

122

126

126

126

125

124

119

116

114

109

105

98

Education, training and library

192

215

207

199

183

180

192

209

198

177

178

184

166

Engineering

130

134

130

128

122

119

117

114

112

109

107

104

97

Environment, architecture and urbanism

91

98

99

95

97

87

88

90

89

87

87

85

81

Healthcare, social work

575

576

572

600

594

551

566

552

546

550

519

510

475

Hospitality and tourism

195

212

221

217

215

191

200

204

197

192

172

160

139

HR

85

88

86

87

85

85

86

86

88

86

85

85

81

IT

93

94

94

92

89

88

88

86

86

84

83

81

76

Legal

111

118

118

117

117

112

114

117

122

116

118

115

108

Management and consulting

109

109

111

109

107

105

105

103

106

103

100

102

95

Marketing, PR and media

131

136

131

133

128

127

127

133

134

132

133

127

123

Production, manufacturing, maintenance, repair

200

209

212

208

200

190

187

172

162

156

145

139

129

Public sector, defence, community

81

87

88

89

85

85

86

86

83

80

81

83

86

Real estate

104

103

100

102

94

102

96

90

92

93

92

88

84

Research and development

107

111

111

109

105

105

108

104

105

102

101

100

95

Sales

97

103

103

105

102

100

100

104

104

100

100

97

92

Telecommunications

86

88

88

89

82

78

78

79

79

79

76

72

68

Transport, post and logistics

144

151

150

150

143

138

136

125

119

108

102

97

90

Monster Employment Index data for February will be released on March 8, 2011.

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