NEW YORK--(BUSINESS WIRE)--Monster Worldwide, Inc. (NYSE: MWW):
November 2011 Index Highlights:
- Monster Employment Index U.S. shows annual growth of 10 percent in November
- Index edges down two percent on monthly basis, in-line with seasonal patterns observed for the month of November
- Transportation and warehousing continues to be a top growth market; while retail slows following its notable increase in October
- Public administration registers the steepest annual decline, dropping 21 percent year-over-year
- All metro markets tracked by the Index exhibit positive annual growth. Cincinnati and Indianapolis record highest growth, while Boston, New York and Los Angeles exhibit lowest annual growth
The Monster Employment Index U.S. is a monthly gauge of U.S. online job demand based on a real-time review of millions of employer job opportunities culled from a large representative selection of career Web sites and online job listings. 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 continues to remain positive and in-line with typical mid-autumn recruitment trends recorded in recent years,” said Jesse Harriott, senior vice president and chief knowledge officer at Monster Worldwide. “While recruitment activity continues across a broad range of sectors, the current outlook on hiring as we approach 2012 remains cautious with continued business and economic uncertainty."
Monster Employment Index U.S. results for the past 18 months are as follows:
Jun |
Jul |
Aug |
Sep |
Oct |
Nov |
Dec |
Jan |
Feb |
Mar |
Apr |
May |
Jun |
Jul |
Aug |
Sep |
Oct |
Nov |
Y-O-Y |
||||||||||||||||||||||||||||||||||||
141 | 138 | 136 | 138 | 136 | 134 | 130 | 122 | 129 | 136 | 145 | 143 | 146 | 144 | 147 | 148 | 151 | 147 | 10% | ||||||||||||||||||||||||||||||||||||
Industry Year-over-year Trends: 15 of the 20 industries monitored by the Index showed positive annual growth trends.
- Agriculture, forestry, fishing and hunting (up 39 percent) replaced Mining, Quarrying, Oil and Gas extraction (up 35 percent) as the top growth sector in November
- Transportation and Warehousing (up 31 percent) exhibited notable expansion in online recruitment indicating an increase in commerce activity
- Retail Trade (up 13 percent) and Manufacturing (up 16 percent) continued to register positive annual growth, albeit at an eased pace from the seasonal expansion recorded in October
- Educational Services (down 9 percent) fell into negative growth with reduced opportunities across all levels, from elementary to university
- Public Administration (down 21 percent) continued to record the steepest decline in November
Top Growth Industries
Year-over-year Growth |
Nov |
Nov |
% Growth |
||||||
Agriculture, Forestry, Fishing, and Hunting | 165 | 230 | 39% | ||||||
Mining, Quarrying, Oil and Gas Extraction | 199 | 268 | 35% | ||||||
Transportation and Warehousing | 161 | 211 | 31% | ||||||
Other Services | 178 | 215 | 21% | ||||||
Information | 81 | 96 | 19% | ||||||
Lowest Growth Industries
Year-over-year Growth |
Nov |
Nov |
% Growth |
||||||
Accommodation and Food Services | 102 | 100 | -2% | ||||||
Real Estate, Rental and Leasing | 59 | 57 | -3% | ||||||
Construction | 194 | 186 | -4% | ||||||
Educational Services | 90 | 82 | -9% | ||||||
Public Administration | 189 | 149 | -21% | ||||||
Occupation Year-over-year Trends: Annual online demand for workers rose in 20 of 23 occupational categories in November.
- Personal care and service (up 65 percent) recorded the highest growth in November
- Computer and Mathematical (up 19 percent) saw continued demand for software engineers and network technicians
- Protective Service (down 29 percent) continued to record the weakest long-term trend among occupations
Top Growth Occupations
Year-over-year Growth |
Nov |
Nov |
% Growth |
||||||
Personal Care and Service | 43 | 71 | 65% | ||||||
Transportation and Material Moving | 104 | 145 | 39% | ||||||
Architecture and Engineering | 85 | 115 | 35% | ||||||
Installation, Maintenance, and Repair | 138 | 169 | 22% | ||||||
Computer and Mathematical | 103 | 123 | 19% | ||||||
Lowest Growth Occupations
Year-over-year Growth |
Nov |
Nov |
% Growth |
||||||
Building, Grounds Cleaning, and Maintenance | 114 | 117 | 3% | ||||||
Healthcare Practitioners and Technical | 159 | 163 | 3% | ||||||
Construction and Extraction | 115 | 113 | -2% | ||||||
Education, Training, and Library | 125 | 116 | -7% | ||||||
Protective Service | 83 | 59 | -29% | ||||||
Geographic year-over-year Trends: All 28 metro markets recorded positive annual growth in October
- Cincinnati (up 36 percent) replaced Orlando as top growth market with emerging demand for engineering, management and office and administrative positions
- Indianapolis (up 31 percent) recorded recruitment trends similar to Cincinnati
- Los Angeles (up 4 percent) replaced New York as the slowest growth market in November; however occupationally saw relatively robust growth across most categories except education and healthcare
Top Growth Metro Markets
Year-over-year Growth |
Nov |
Nov |
% Growth |
||||||
Cincinnati | 78 | 106 | 36% | ||||||
Indianapolis | 89 | 117 | 31% | ||||||
Detroit | 101 | 128 | 27% | ||||||
Cleveland | 103 | 130 | 26% | ||||||
Baltimore | 50 | 63 | 26% | ||||||
Lowest Growth Metro Markets
Year-over-year Growth |
Nov |
Nov |
% Growth |
||||||
Denver | 101 | 111 | 10% | ||||||
Phoenix | 75 | 80 | 7% | ||||||
Boston | 79 | 84 | 6% | ||||||
New York City | 83 | 88 | 6% | ||||||
Los Angeles | 69 | 72 | 4% | ||||||
International Trends:
- Monster Employment Index Europe registered a sustained 14 percent annual growth rate in November. The engineering sector continued to lead the index for the third consecutive month while education registered an annual decline for the first time since mid-2010. Germany, up 30 percent, continued to lead all countries in annual growth
- Monster Employment Index India recorded a 12 percent increase year-over-year in October. Import/ Export, followed by IT, led all industrial sectors
To obtain a full copy of the Monster Employment Index U.S. report for November 2011, and to access current individual data charts for each of the 28 metro markets tracked, please visit http://about-monster.com/employment-index. Data for the month of December 2011 will be released on January 6, 2012.
About the Monster Employment Index U.S.
Launched in April 2004 with data collected since October 2003, the Monster Employment Index U.S. is a broad and comprehensive monthly analysis of U.S. online job demand conducted by Monster Worldwide, Inc. Based on a real-time review of millions of employer job opportunities culled from a large, representative selection of corporate career sites and job boards, including Monster, the Monster Employment Index presents a snapshot of employer online recruitment activity nationwide. All of the data and findings in the Monster Employment Index have been validated for their accuracy through independent, third party auditing conducted periodically by Research America, Inc. The audit validates the accuracy of the national online job recruitment activity measured within a margin of error of +/- 1.05%.
About Monster Worldwide
Monster Worldwide, Inc. (NYSE: MWW), parent company of Monster®, 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. To learn more about Monster's industry-leading products and services, visit www.monster.com. More information about Monster Worldwide is available at http://about-monster.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, and the other risks discussed in Monster Worldwide's Form 10-K and other filings made with the Securities and Exchange Commission, which discussions are incorporated in this release by reference.
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