Daily NewsView All News
According to the latest Monster Employment Index Europe published by Monster Worldwide Inc, online recruitment activity extended its increasing trend to a third consecutive month in April, arriving at a 12 month high. In addition, whilst online job opportunities were down compared to year-earlier figures, the annual rate of contraction slowed. Online offerings were down a mild three percent compared to April 2009, suggesting that online recruitment activity is on an improving track.
Among industry sectors, agriculture, fishing and forestry saw the sharpest monthly increase, whilst hospitality and tourism and automotive sectors continued their increasing trend to a second consecutive month. Mirroring positive signs shared by the European Purchasing Managers Index, the production and manufacturing sectors also noted elevated job demand.
"The latest Index reading suggests that online recruitment activity across Europe continues to look promising for the year ahead. However, the uptick in online recruitment over recent months has been gradual, and suggests employers remain cautious about increasing their workforce before further economic improvement," commented Andrea Bertone, head of Monster Europe.
"However, the slowing rate of annual contraction and positive long term trends in consumer-driven sectors, such as hospitality and tourism and arts, entertainment, sport and leisure, suggest the journey to recovery is in progress."
Belgium: Online recruitment activity in Belgium climbed for the third consecutive month in April, leaving the Index at its highest level since March 2009. Positive signs are beginning to emerge in production-related sectors, as engineering and production, manufacturing, maintenance and repair saw substantial increases in job demand in April. In addition, the Belgian Index returned to positive annual growth, with online job offerings one percent above year-earlier figures. Compared to Europe as a whole, where online job availability growth was four percent, Belgium is showing one the strongest increasing trends.
France: Following an uptick in consumer spending in March, consumer driven sectors, including hospitality and tourism and sales, noted significant increases in online job availability in April. In addition, organisational related sectors, such as HR and management and consulting reported monthly upticks, suggesting business confidence is increasing and businesses are looking to bolster their workforce in preparation for increased activity through the remainder of 2010.Online job availability in April was slightly below year-earlier figures, reflecting some moderation in demand after a relatively heated February and March.
Germany: The German Index reached its highest level since April 2009, rising to a level of 110. Strongly improved growth in transport, post and logistics; and production, manufacturing, maintenance and repair aligned with positive trends seen in official statistics on industrial production and exports. Meanwhile, year-on-year, the rate of decline fell to just five percent, continuing the moderation in the annual pace of decline.
Italy: Italian employers continued to escalate hiring activity in April, although some of the expansion appears to be seasonally motivated. Despite the monthly uptick, the long term growth trend remained down, reflecting lingering uncertainty concerning stabilisation economically across Italy.
Netherlands: The Dutch economy remained on a path of gradual, if not stalled, recovery in April with the Index showing unchanged worker demand. Strong positive trends were seen in sectors including production and transportation. However, this is counterbalanced by sluggish online recruitment trends in consumer driven sectors such as sales, which align with the ongoing instability seen in household conditions as indicated by consumption and unemployment.
Sweden: Online job offerings climbed for the third consecutive month in April, suggesting hiring activity is on the increase once again following the lulls of 2009. In addition, external indicators, such as the Purchasing Managers Index indicated expansion in the manufacturing sector, and an increase in corporate demand for staff, mirroring increased online hiring activity in areas such as management, engineering and production. The annual rate of expansion, with offerings up 17 percent, further strengthens the view that Sweden is on the road to recovery.
UK: In addition to falling five points (four percent) on the month, the annual growth rate for the Monster Employment Index UK decelerated to eight percent in April, which nonetheless reflected a more active online recruitment market than that seen a year ago. Hospitality and tourism and HR were unchanged from March, while education, training and library saw the greatest decline with a drop of 32 points (11 percent).