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Europe – Consumer confidence sinks as jobs decline, finds Monster

07 September 2012

Unemployment across many parts of Europe has soared this year, with a record number of people now being out of work – and as job vacancies have deteriorated, online recruitment activity has also suffered as Monster reports today.

Overall, online job posting in Europe was down by -1%. Only two countries saw a rise in job vacancies advertised on the web, including Germany where recruitment levels were up +13% in August when compared to a year ago. In the UK, the job board noted a small rise of job ads, which increased by only +1%.

“As the Index registers its first decline since April 2010, it is clear we remain in an uncertain climate where even the previous stalwart growth of Germany is seeing moderated online recruitment trajectory in response to reduced business and consumer confidence across Europe,” said Alan Townsend, Vice President of Sales Readiness and Business Operations for Monster Europe.

The online recruitment market showed particularly weak signs in the Netherlands and France. Here job ads were down by -16% and -13% respectively, following on from months of decline. Elsewhere in Europe, confidence was also low in Belgium (-6%) as wider economic problems have continued to affect the economy there. Italy and Sweden showed a -3% fall in hiring activity.

“It is not all bad news as demand for more than half of all industries in the Index have seen upticks in online hiring including education and telecommunication,” said Mr Townsend.

Environmental, architecture and urbanism roles (+18%) saw the biggest increase with professionals in this market being highly in demand.  They were followed by education, training, library roles (+11%) which saw strong gains in Belgium, Germany and the UK.

HR was among the sectors seeing the lowest growth (-3%) while arts & entertainment (-4%) and the construction industry (-5%) were even worse off. 

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