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Europe — Monster Employment Index Europe Edges Up Slightly in November

08 December 2009

The latest Monster Employment Index Europe, which is a monthly analysis of millions of online job opportunities culled from a large representative selection of corporate career sites and job boards across Europe, has been published today.

Online recruitment activity across Europe rose modestly by one point, amidst increases in marketing and leisure jobs. Year-on-year, offerings fell by 32%, the lowest annual rate of deterioration since February 2009, indicating that online worker demand may have stabilised.

Worker demand jumped the most in Sweden, where an increase was noted for the third consecutive month. Italy and the UK also noted upticks whilst opportunities fell slightly in France and The Netherlands.

The monthly uptick was driven by increased demand for workers in the arts, entertainment, sports and leisure as well as the marketing, PR and media sectors. However, the increase was offset slightly by falling opportunities in accountancy, hospitality and tourism.

Hugo Sellert, Head of Economic Research at Monster Worldwide, commented "despite a first quarterly expansion in GDP since early 2008, online recruitment demand across Europe remains deflated. Businesses seem cautious about hiring, waiting for real product and service demand improvements before significantly increasing their staffing levels."

"However, the Index has remained fairly stable over the past four months which suggest the decline in job vacancies has reached a bottom, a positive development as we move into 2010. Growth trends are already being seen in Sweden and the UK, and other countries may soon follow suit."

To read the full report including separate reports on Belgium, France, Germany, Italy, The Netherlands, Sweden and the United Kingdom please click here



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