The Monster Employment Index Europe grew three points in July,
registering a sixth consecutive month of growth. Western Europe saw a
positive overall growth trend as a result of strong demand in France
and Germany. There was also a rise in online job opportunities in the
Netherlands, while there were falls in Sweden and the UK. The Index
has increased by 23 points, or 18% year-on-year.
"We've now seen a full six months of growth across Europe, with
the Index displaying a sharp upward trend between January and May and
then slightly slower growth in the run-up to the summer," said Alan
Townsend, COO Monster UK & Ireland. "Western European countries
contributed greatly to the growth, with large economies including
Germany, France and showing positive trends," added Townsend.
The production, manufacturing, maintenance and repair sector saw a
strong increase in online hiring for the second consecutive month in
July, with both France and Germany showing significantly more
opportunities across the sector. Telecommunications also saw growth in
online hiring, following a fall in June, with France showing strong in
opportunities. One major sector showing a decrease was banking,
finance and insurance, which saw a second consecutive month of decline
in demand in July. This came as a result of a fifth consecutive month
of fewer online job opportunities across France, as well as lower
demand in the UK. The sector has now shown a 10-point fall overall
across Europe since July last year.
"Despite reports that overall growth in the production,
manufacturing, maintenance and repair sector is declining, the Index
shows that there is still very strong demand for workers across the
industry," commented Townsend. "There was an 11 percent rise on online
opportunities in July, while in the last six months; demand in the
sector is up by 75 percent."
Online recruiting in the Netherlands also rose significantly in
July, with the construction and extraction; and production,
manufacturing, maintenance and repair sectors showing the strongest
rates of growth. There was also continued growth in the transport,
post and logistics; and HR sectors. Meanwhile, the UK and Sweden
showed declining demand in July.
A five-point decline in online demand in the UK came about due to
significantly fewer opportunities in the banking, finance and
insurance; and legal sectors. Regionally, dips in demand were reported
in North England, London and the South East, whilst the South West saw
substantial growth. In Sweden, online worker demand declined by 13
points, following five consecutive months of growth. This was caused
by a fall-off in opportunities for workers in the sales industry.
Despite this, the Swedish Index was up 50 percent since last July.
Monster Employment Index Europe data for August will be released
on September 11, 2007.
About The Monster Employment Index Europe
Launched in June 2005, the Monster Employment Index Europe is a
monthly insight into recruitment trends across the European Union. The
Index report is based on a real-time review of millions of employer
job opportunities culled from 148 job boards across Europe, including
Monster(R). The Index is audited by Research America, Inc. and
provides analyses of online job demand within occupational categories,
industry sectors and regions.
The Monster Employment Index Europe covers 24 of the 27 European
Union countries. The Index excludes Malta and Bulgaria and Romania,
which joined the EU in 2007.
There are also monthly Index reports for France, Germany, The
Netherlands, Sweden and the United Kingdom. These are available at:
http://www.monsterworldwide.com/Press_Room/MEI_EU.asp
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.
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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
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in the markets in which Monster Worldwide operates, risks associated
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