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Europe — Monster employment index rises for the first time since February

10 November 2009

The Monster Employment Index Europe published monthly by job board specialist Monster Worldwide Inc., shows a 2% uptick in October this year.

The index increased for the first time in eight months as the number of online opportunities rose. The number of job offers is still down 32% year-on-year and the index remains below the 100 baseline level demonstrating significantly muted online worker demand across Europe.

The growth was largely driven by increased hiring in healthcare, education and the public sector while opportunities in construction and manufacturing continued to decline.
"Increased optimism about economic recovery prospects led employers in primarily France and the UK to resume hiring in October," commented Hugo Sellert, head of economic research at Monster Worldwide.

"While many businesses continue to focus on cost reductions and restructuring, the latest uptick in online recruitment activity signals a positive trend shift in overall demand for workers."

In France the index was up by 18 points, the UK was up by 7 points. Italy was up by 6 points, The Netherlands up by 2 points and Sweden up by 1 point. Germany was down by -2 points and Belgium was down by -8 points.
To read more detailed information on developments by European country or by sector please click here



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