Published: August 04, 2011
Monster Employment Index U.S. Year-over-Year Growth Rate Continues to Remain Positive in July
NEW YORK - (BUSINESS WIRE) - Monster Worldwide, Inc. (NYSE: MWW)
July 2011 Index Highlights:
-
Monster Employment Index U.S. annual growth rate holds steady at 4%
from June, marking the 18th consecutive month of positive
year-over-year growth
-
Index edges down 2 points on a monthly basis, in-line with seasonal
expectations
-
All metro markets tracked by the Index exhibit positive annual growth
-
Transportation and warehousing records most notable improvement as
recruitment demand strengthens
-
Public administration continues to register the steepest annual
declines on a year-over-year basis
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 has sustained positive annual growth during each month of
2011 despite a cautious economic environment," said Jesse Harriott,
senior vice president and chief knowledge officer at Monster Worldwide.
"Demand for workers within the commerce related sectors as well as
demand for specialized skill sets like IT, engineering and healthcare,
continue to offset the ongoing reductions in the public sector."
Monster Employment Index U.S. results for the past 18 months are as
follows:
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Feb
10
|
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Mar
10
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Apr
10
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May
10
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Jun
10
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Jul
10
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Aug
10
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Sep
10
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Oct
10
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Nov
10
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Dec
10
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Jan
11
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Feb
11
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Mar
11
|
|
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Apr
11
|
|
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May
11
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Jun
11
|
|
|
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Jul
11
|
|
|
|
Y-O-Y
|
|
|
|
|
124
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|
|
|
125
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|
|
|
133
|
|
|
|
134
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|
|
141
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|
|
|
138
|
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|
|
136
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|
|
|
138
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|
|
|
136
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|
|
|
134
|
|
|
|
130
|
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|
|
122
|
|
|
|
129
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|
|
136
|
|
|
|
145
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|
|
|
143
|
|
|
|
146
|
|
|
|
144
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|
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4%
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Industry Year-over-year Trends: 11
of the 20 industries monitored by the Index showed positive annual
growth trends.
-
Transportation and Warehousing (up 23 percent) rose notably
month-over-month and year-over-year driven by escalation in demand for
workers in logistics
-
Retail Trade (up 19 percent) recorded strong online job demand
for part-time and seasonal workers, particularly clerks and other
low-waged positions
-
Wholesale trade (up 17 percent) continued to record high demand
for professional operations and procurement-related positions
-
Arts, Entertainment and Recreation (down 10 percent) saw
reduced demand following five consecutive months of positive annual
growth
-
Public Administration (down 16 percent) continued to register
the slowest annual growth in July despite steady demand for
workers in IT and select operations positions
|
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|
Top Growth Industries
|
|
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|
Year-over-year Growth
|
|
|
|
Jul
10
|
|
|
|
Jul
11
|
|
|
|
% Growth
Y-o-y
|
|
|
|
|
Mining, Quarrying, Oil and Gas
Extraction
|
|
|
|
182
|
|
|
|
277
|
|
|
|
52%
|
|
|
|
|
Transportation and Warehousing
|
|
|
|
160
|
|
|
|
196
|
|
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|
23%
|
|
|
|
|
Retail Trade
|
|
|
|
135
|
|
|
|
160
|
|
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|
19%
|
|
|
|
|
Wholesale Trade
|
|
|
|
134
|
|
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|
157
|
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17%
|
|
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|
|
Other Services
|
|
|
|
183
|
|
|
|
213
|
|
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|
16%
|
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Lowest Growth Industries
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|
Year-over-year Growth
|
|
|
|
Jul
10
|
|
|
|
Jul
11
|
|
|
|
% Growth
Y-o-y
|
|
|
|
|
Agriculture, Forestry, Fishing, and
Hunting
|
|
|
|
196
|
|
|
|
190
|
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-3%
|
|
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Accommodation and Food Services
|
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|
|
108
|
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|
98
|
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-9%
|
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|
Arts, Entertainment, and Recreation
|
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42
|
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38
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-10%
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Management of Companies and
Enterprises
|
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122
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109
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-11%
|
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Public Administration
|
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|
198
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167
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-16%
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Occupation Year-over-year Trends: Annual
online demand for workers rose in 16 of 23 occupational categories in
July.
-
Installation, maintenance and repair (up 25 percent) continued
to be the top growth occupation on an annual basis
-
Transportation and material moving (up 22 percent) recorded
strong demand for specialized workers in the rail and trucking segments
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Top Growth Occupations
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|
|
|
Year-over-year Growth
|
|
|
Jul
10
|
|
|
|
Jul
11
|
|
|
|
% Growth
Y-o-y
|
|
|
|
|
Installation, Maintenance and
Repair
|
|
|
135
|
|
|
|
169
|
|
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25%
|
|
|
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|
Transportation and Material
Moving
|
|
|
103
|
|
|
|
126
|
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22%
|
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|
Architecture and Engineering
|
|
|
90
|
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|
|
109
|
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21%
|
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Personal Care and Service
|
|
|
57
|
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|
69
|
|
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21%
|
|
|
|
|
Community and Social Services
|
|
|
187
|
|
|
|
216
|
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16%
|
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Lowest Growth Occupations
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Year-over-year Growth
|
|
|
Jul
10
|
|
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|
Jul
11
|
|
|
|
% Growth
Y-o-y
|
|
|
|
|
Management
|
|
|
148
|
|
|
|
143
|
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-3%
|
|
|
|
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Education, Training, and Library
|
|
|
134
|
|
|
|
129
|
|
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|
-4%
|
|
|
|
|
Farming, Fishing, and Forestry
|
|
|
175
|
|
|
|
163
|
|
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-7%
|
|
|
|
|
Protective Service
|
|
|
77
|
|
|
|
70
|
|
|
|
-9%
|
|
|
|
|
Food Preparation and Serving
|
|
|
118
|
|
|
|
106
|
|
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-10%
|
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|
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Geographic year-over-year Trends: All
28 metro markets recorded positive annual growth in July.
-
Detroit (up 34 percent) reclaimed the top growth position among
the major metropolitan markets by measure of annual gains
-
New York City (up 4 percent) charted the slowest annual growth
among major metropolitan markets with slower demand for workers in
office and administration, healthcare practitioners and education
|
|
|
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|
|
|
|
|
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|
|
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|
|
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|
Top Growth Metro Markets
|
|
|
|
|
Year-over-year Growth
|
|
|
Jul
10
|
|
|
|
Jul
11
|
|
|
|
% Growth
Y-o-y
|
|
|
|
|
Detroit
|
|
|
89
|
|
|
|
119
|
|
|
|
34%
|
|
|
|
|
Minneapolis
|
|
|
86
|
|
|
|
114
|
|
|
|
33%
|
|
|
|
|
Cleveland
|
|
|
95
|
|
|
|
123
|
|
|
|
29%
|
|
|
|
|
Cincinnati
|
|
|
77
|
|
|
|
99
|
|
|
|
29%
|
|
|
|
|
Orlando
|
|
|
54
|
|
|
|
68
|
|
|
|
26%
|
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|
|
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|
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|
|
Lowest Growth Metro Markets
|
|
|
|
|
Year-over-year Growth
|
|
|
Jul
10
|
|
|
|
Jul
11
|
|
|
|
% Growth
Y-o-y
|
|
|
|
|
Phoenix
|
|
|
69
|
|
|
|
75
|
|
|
|
9%
|
|
|
|
|
Miami
|
|
|
73
|
|
|
|
79
|
|
|
|
8%
|
|
|
|
|
Denver
|
|
|
100
|
|
|
|
108
|
|
|
|
8%
|
|
|
|
|
Los Angeles
|
|
|
66
|
|
|
|
71
|
|
|
|
8%
|
|
|
|
|
New York City
|
|
|
83
|
|
|
|
86
|
|
|
|
4%
|
|
|
|
|
|
|
|
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|
|
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International Trends:
-
Monster Employment Index Europe registered a 21 percent annual
growth rate in July. Germany continues to lead all countries in annual
growth with 36 percent annual growth. Industrial production and
related sectors continue to exhibit strongest growth for the sixth
consecutive month
-
Monster Employment Index India recorded a 9 percent increase
year-over-year in June, with strong annual growth for the oil and gas;
and media/ entertainment sectors. Production and manufacturing
recorded the slowest growth in June
To obtain a full copy of the Monster Employment Index U.S. report for
July 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 August 2011 will be released on September 2, 2011.
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.
Photos/Multimedia Gallery Available: http://www.businesswire.com/cgi-bin/mmg.cgi?eid=6820706&lang=en
General Information:
Monster Worldwide
Deepika
Murty, 978-461-8765
Deepika.Murty@monster.com
or
Media
Inquiries:
Monster Worldwide
Matthew Henson,
978-823-2627
Matthew.Henson@monster.com
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