“Monster Employment Index Up 7% Year over Year in January; Despite an Unprecedented Decline in Public Administration ...”

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Monster Employment Index Up 7% Year over Year in January; Despite an Unprecedented Decline in Public Administration ... Posted: 03 Feb 2011 09:12 PM PST NEW YORK--(BUSINESS WIRE)--January 2011 Index Highlights: "Private sector hiring, particularly in IT, business and healthcare occupations has been fueling growth which is encouraging. At the same time cuts in government-related recruitment since December are weighing down on overall growth, but not enough to prevent YoY growth for the first month of 2011." A year of positive annual growth – at 7 percent in January – signaling sustained, measured growth All 28 metro markets record positive annual growth in January Mining and wholesale trade lead all sectors in annual growth. Professional, scientific, and technical services rises with particularly strong demand for IT and engineering specialists Index declines 8 points (6 percent) in January on monthly basis, as employer's scale back hiring activity following a relatively active December. A seasonal December-January decline has now been recorded for 4 consecutive years Public administration records an unprecedented 21 percent annual decline, reaching its lowest annual growth rate in the Index The Monster Employment Index 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 corporate career Web sites and job boards, including Monster.com®. "We're seeing positive year-over-year growth as economic recovery progresses at a measured pace," said Jesse Harriott, senior vice president and chief knowledge officer at Monster Worldwide. "Private sector hiring, particularly in IT, business and healthcare occupations has been fueling growth which is encouraging. At the same time cuts in government-related recruitment since December are weighing down on overall growth, but not enough to prevent YoY growth for the first month of 2011." JAN 10   FEB 10   MAR 10   APR 10   MAY 10   JUN 10   JUL 10   AUG 10   SEP 10   OCT 10   NOV 10   DEC 10   JAN 11   Y-O-Y GROWTH 114   124   125   133   134   141   138   136   138   136   134   130   122   7% Industry Year-over-year Trends: 12 of the 20 industries monitored by the Index showed positive annual growth trends. Wholesale Trade (up 14 percent) was amongst the top-moving sectors in January, in contrast to seasonal expectations, as sector employers appeared to carry- over their year-end momentum into 2011 Professional, scientific, and technical services (up 14 percent) remained strong year-over-year, and stable month-over-month due to particularly strong demand for IT and engineering specialists Accommodation and food services (down 16 percent) was amongst the slowest growing sectors in the Index following a relatively active month of online hiring activity in December Finance and insurance (up 2 percent) remained flat from December on an annual basis, yet demand trends for workers in a number of financial service occupations remained high Public administration (down 21 percent) registered the steepest annual decline, with eased job creation for federal and local government Top Growth Industries Year-over-year Growth   Jan 10   Jan 11   % Growth Y-o-y Mining, Quarrying, Oil and Gas Extraction   139   211   52% Transportation and Warehousing   125   143   14% Wholesale Trade   121   138   14% Professional, Scientific, and Technical Services   49   56   14% Information   68   76   10% Lowest Growth Industries Year-over-year Growth   Jan 10   Jan 11   % Growth Y-o-y Educational Services   82   77   -6% Real Estate and Rental and Leasing   51   47   -8% Agriculture, Forestry, Fishing, and Hunting   203   177   -13% Accommodation and Food Services   94   79   -16% Public Administration   180   142   -21% Occupation Year-over-year Trends: Annual online demand for workers rose in 15 of the 23 occupational categories in January. Architecture and Engineering (up 16 percent) and Computer and mathematical (up 14 percent) registered improved demand trends with a general escalation in job availability for professionals with advanced technical specializations Business and financial operations (up 15 percent) saw improved demand conditions for accountants and financial analysts across a wide range of sectors, across all geographic regions Top Growth Occupations Year-over-year Growth   Jan 10   Jan 11   % Growth Y-o-y Installation, Maintenance, and Repair   116   138   19% Arts, Design, Entertainment, Sports and Media   75   89   19% Architecture and Engineering   75   87   16% Business and Financial Operations   122   140   15% Computer and Mathematical   86   98   14% Lowest Growth Occupations Year-over-year Growth   Jan 10   Jan 11   % Growth Y-o-y Education, Training and Library   118   108   -8% Military Specific   156   137   -12% Food Preparation and Serving   96   79   -18% Farming, Fishing, and Forestry   200   162   -19% Protective Service   84   55   -35% Geographic year-over-year Trends: All 28 metro markets recorded positive annual growth in January Detroit (up 51 percent) and Philadelphia (up 39 percent) continued to remain among top growth markets. San Diego (up 8 percent) remained stable year-over-year but recorded a mild monthly decline of 3 percent in January. Online recruitment trends were strongest for production; sales; and arts, design, entertainment, sports, and media related occupations in the long-term Among the 50 states and the District, 40 registered annual increases in online job demand. Top Growth Metro Markets Year-over-year Growth   Jan 10   Jan 11   % Growth Y-o-y Detroit   57   86   51% Philadelphia   36   50   39% Minneapolis   68   89   31% Chicago   55   71   29% Orlando   36   46   28% Lowest Growth Metro Markets Year-over-year Growth   Jan 10   Jan 11   % Growth Y-o-y Phoenix   60   66   10% Houston   97   106   9% San Diego   60   65   8% Washington, D.C.   38   41   8% Baltimore   38   40   5% International Trends: Monster Employment Index Europe continued a steady positive annual growth rate (up 22 percent in December) ending the year with relatively strengthened demand for production; manufacturing and transportation/ logistics sectors. Germany continued to be the strongest overall creator of job opportunities in Europe Monster Employment Index India annual growth rate accelerated to 27 percent in December 2010, with demand picking notably for the IT sector. Several other categories including banking/ finance and engineering continued to exhibit strong long-term growth To obtain a full copy of the Monster Employment Index report for January 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 February 2011 will be released on March 3, 2011. About the Monster Employment Index Launched in April 2004 with data collected since October 2003, the Monster Employment Index 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 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, seasonality 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=6598514&lang=en This entry passed through the Full-Text RSS service — if this is your content and you're reading it on someone else's site, please read our FAQ page at fivefilters.org/content-only/faq.php Five Filters featured article: Collateral Damage - WikiLeaks In The Crosshairs.

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