LONDON--(BUSINESS WIRE)--January 2011 Index Highlights:
- The Monster Employment Index Europe reported annual growth of 25 percent 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 percent in December to 25 percent 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 Europe’s 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.
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 Europe’s 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.”
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.