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Europe – France and Netherlands weighing employment index down

12 June 2012

In May, the Monster Employment Index in Europe showed year-over-year growth of +6% with Germany seeing a steep rise in online recruitment of +19% while the Netherlands showed the greatest decline of -21%.

“The May Index recorded an overall steady rate of annual growth primarily due to more opportunities for workers in architecture and production,” said Alan Townsend, Vice President of Sales Readiness and Business Operations for Monster Europe.

“However, markets like Netherlands and France continue to weigh down the Index and reduced overall consumer and business confidence indicate we are clearly not yet out of the woods.”

The performance by country varied greatly. In the UK, online job opportunities grew by +3% year-over-year with engineering charting the highest growth at +20%.  The Public Sector, HR and Hospitality and tourism all demonstrated robust growth but arts, entertainment, sports and leisure saw the greatest decline in recruitment activity.  As a region the Midlands outperformed other areas with +15% growth while Wales showed further declines. 

In France, on the other hand, online recruitment dropped by -10% year-over-year, the highest reduction in over two years. Sectors that saw growth include environment, architecture and urbanism while all regions in the country saw fewer job opportunities than a year ago.

But things were looking worse in the Netherlands as the index dropped by -21% in May with online job demand decreasing across all industries. HR showed the weakest reductions at -4% while steep declined were recorded in the administrative sector. All regions registered annual reductions in online recruitment levels.

In Germany, however, growth was robust with the IT sector registering the strongest growth in online jobs, jumping +27% year-over-year. Arts, entertainment, sports, leisure ranked second in terms of online hiring growth in May. Apart from skilled workers in the agricultural, forestry and fishery sector, all occupational groups showed an increase. Thüringen is the only region to see fewer opportunities in online hiring.

But in Belgium, the index dropped by -7% in May, continuing its negative growth trend as all regions saw a drop in online recruitment. The accounting, audit, taxes industry grew by +17% and was the best performing industry while arts, entertainment, sports, leisure was the worst.

In Italy, the index also decreased by -4% after growing slightly in April. Hospitality and tourism showed positive annual growth and was the top performing industry while opportunities in banking, finance, insurance as well as in accounting, audit, taxes significantly decreased over the year. Marketing, PR and Media showed the steepest decline while Valle d’Aosta replaced Italy’s strong economic hotspot of Lombardia as the leading region.

In Sweden, the index dropped the sharpest since the beginning of the year, by -9%. Growth was observed in marketing, PR and media along with Education, training and library. But in accounting, audit and taxes opportunities declined at the fastest rate of all sectors with no region seeing annual growth in online job opportunities.

The Monster Employment Index is a monthly gauge of online job posting activity based on a review of millions of employer job opportunities culled from a large representative selection of career web sites and online job listings across Europe. Click here to read the full index. 

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