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Monster European Employment Index Reports 26% Annual Growth Rate

Monster European Employment Index Reports 26% Annual Growth Rate
 
April 2011 Index Highlights:
        The Monster Employment Index Europe shows 26% year-over-year growth
        Industrial production related sectors continue to lead the Index
        Financial services segment recruitment exhibits further improvement with annual growth accelerating to 17% for Accounting, audit, taxes
        Germany continues to lead all countries with significant annual growth at 45%
 
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. 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 reported strong year over year growth, thus demonstrating that demand for talent continues to increase particularly in Germany, commented Alan Townsend, Vice President of Sales Readiness and Business Operations for Monster Europe. It is encouraging to see gains in online demand, not only for the industrial production sectors, but also for financial services and the consumer-driven segment.

Apr 10

May 10

Jun 10

Jul 10

Aug 10

Sep 10

Oct 10

Nov 10

Dec 10

Jan 11

Feb 11

Mar 11

Apr 11

Y-O-Y GROWTH

108

112

114

115

115

117

122

122

122

116

125

131

136

26%
 
Industry Year-over-year Trends: 23 of the 24 industry sectors monitored by the Index in April showed positive annual growth trends.
 
Transport, post and logistics (63 %) led all industries in annual growth
Hospitality and tourism (up 34 %) registered increased annual growth, attributed to an emergence of seasonal job opportunities
Accounting, audit, taxes (up 17 %) exhibited its most rapid growth in the current economic cycle, as underlying job creation for accountants and bookkeeping professionals continued to improve
 
Top Growth Industries

Year-over-year Growth

Apr 10

Apr 11

% Growth Y-o-y

Transport, post and logistics

108

176

63%

Production, manufacturing, maintenance, repair

156

251

61%

Engineering

109

163

50%

Telecommunication

79

112

42%

Real estate

93

130

40%
 
Lowest Growth Industries

Year-over-year Growth

Apr 10

Apr 11

% Growth Y-o-y

Banking, Finance, Insurance

84

91

8%

Agriculture, Fishing, Forestry

122

131

7%

Public Sector, Defence, Community

80

84

5%

Legal

116

121

4%

Arts, Entertainment, Sports, Leisure

132

112

-15%
 
Occupation Year-over-year Trends: All nine occupational groups monitored by the Index continued to register positive growth.
 
Craft and related workers (up 59 %) led all occupational groups in annual growth
Professionals (up 26 %) exhibited improved growth from the 21 % growth seen in March. Recruitment trends for the occupational group were accelerated in Germany and UK from March to April
Plant and machine operators and assemblers, (up 57 %) and elementary occupations (up 43 %) exhibited strong annual growth
 
Top Growth Occupations

Year-over-year Growth

Apr 10

Apr 11

% Growth Y-o-y

Craft and related trades workers

138

220

59%

Plant and machine operators, and assemblers

79

124

57%

Elementary occupations

131

187

43%
 
Lowest Growth Occupations

Year-over-year Growth

Apr 10

Apr 11

% Growth Y-o-y

Technicians and associate professionals

107

123

15%

Legislators, senior officials and managers

104

117

13%

Skilled agricultural and fishery workers

183

200

9%
 
Country Highlights:
 
     Belgium: Belgium recorded a positive annual growth rate of 16 %. Human Resources led all industry sectors in annual growth while banking, finance, and insurance charted the most substantial upward swing year-over-year. Manufacturing and related sectors continued to show positive annual growth rates. Regionally, the Walloon region registered the most rapid annual growth in the country.
 
     France: The Monster Employment Index France gained further upward momentum in April, as the countrys year-over-year gains increased to 26 %. Banking, finance and insurance recruitment reached a four year high while management and consulting jumped 10 % month-over-month, showing the highest rise in monthly recruitment levels in the Index, alongside Hospitality and tourism. Ile de France was the fastest growth region in the Index, exhibiting positive trends across most sectors.
 
     Germany: Germany remained the top trending major European country by measure of year-over-year growth at 45 %. Ongoing growth trends continued to accelerate for banking, finance, insurance and accounting, audit, taxes. Job market conditions remained broadly improved from a year ago in the production, manufacturing, maintenance, repair and transport, post, and logistics sectors. Brandenburg and Sachsen-Anhalt led all regions in monthly growth.
 
     Italy: Online job demand in Italy grew at a sustained pace, increasing by 14 % year-over-year in April. The public sector and defence industry saw dramatic improvement in annual gains, with a notable increase this month stemming from defence service hiring. The finance industry increased by 28 % year-over-year, the highest it has been since December 2010 showing promising signs of economic recovery. Healthcare and social work was at an all time low in the Index with a decrease of 22 %, owing to public sector cuts over the year.
 
     Netherlands: The Monster Employment Index Netherlands charted ten % annual growth in April, the most rapid pace seen during the current economic cycle. Transport, post and logistics led all industries for the second month in a row, with annual growth at 43 %. IT and Engineering were among the few technical and professional service sectors to exhibit positive growth momentum Legal and Research and Development (R&D) were among the sectors to slide.
 
     Sweden: Annual growth rate continued to remain positive, rising 22 % year-over-year in April. Construction and extraction rose significantly, adhering to the sectors traditional seasonal recruitment patterns. Engineering and IT continued to exhibit the most rapid rates of annual growth in the Index. Regionally, Ostra Mellansverige remained top in the Index by measure of annual growth.
 
     UK: Online job recruitment remained positive in the UK with an annual increase of 14 % in April. Demand for transport, post and logistics workers was up 52 % while the technical sectors remained the top performers in online job demand. Engineering maintained its upward trend, increasing to 33 % and IT to 30 %. Public sector jobs decreased eight % year-over-year, reaching historic lows in the Index. The South West and East Anglia continued to register the greatest gains in recruitment activity annually.
 
International Trends:
 
        Monster Employment Index US annual growth rate was at nine % in April, marking the 15th consecutive month of year-over-year growth. Mining, quarrying, oil and gas extraction continued to lead the Index on an annual basis. Manufacturing reached its highest levels of demand since late 2008, driving growth in manufacturing hubs such as Detroit and Cleveland.
 
        Monster Employment Index India recorded a 21 % increase year-over-year in April, driven primarily by a robust 45 % increase in the retail sector. 
 
To obtain a full copy of the Monster Employment Index report for April 2011, and to access current individual data charts for each of the seven European markets tracked, please visit http://about-monster.com/employment/index/17. Data for the month of May 2011 will be released on June 14, 2011.

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