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Europe — Online job opportunities reach 17 month high in July 2010

10 August 2010

The latest Monster Employment Index Europe published today by job board Monster Worldwide Inc, shows that online job opportunities reached a 17 month high, suggesting ongoing improvement across Europe. In addition, the annual growth rate accelerated once again in July, with online worker demand now up +14% compared to year-earlier figures.

Among industry sectors, automotive noted a solid rise, whilst transport, post and logistics and production, manufacturing, maintenance and repair exhibited a sharp uptick for the second consecutive month, mirroring growth in European industrial production and exports.

Andrea Bertone, Head of Monster Europe, commented "July saw the Index extend to a sixth consecutive month of growth and reach a 17 month high, reflecting continual improvement on the demand-side of the job market."

"This coincides with rises in consumer confidence and business activity to suggest that now is an encouraging time for job seekers."

"While wider recovery is still limited, it is notable that sectors badly hit by the recession, including manufacturing and transport, are showing significantly higher levels of recruitment activity compared to this time last year."

Belgium: The long-term recruitment trend in Belgium remained positive this month, with year-on-year growth of two percent. In addition to the growth displayed by the research and development sector, the Public Sector, HR and sales sector were the top industries looking for workers. The hospitality and tourism sector saw the greatest decline, falling 10 points (11 %).

France: Online recruitment activity rebounded in July following the seasonal slowdown of early summer. Among sectors, demand trends have been notably strong in banking, production, and transport over the past three months. Nationwide, longer-term growth continues to be robust, with the Index up 18 % year-on-year.

Germany: Online recruitment activity extended its upward trend to a sixth consecutive month in July as growth in the transport; and production and manufacturing industries, along with growth in the overall economy lifted demand. The improved annual growth rate, coupled with the Index’s highest reading for 17 months, suggest that the overall recruitment industry is recovering from pre-recessionary levels.

Italy: Italian hiring activity increased in July for the sixth consecutive month and is now at its highest level since April 2009. Among industry sectors, research and development noted the sharpest increase, suggesting a turnaround in business investment in areas hit by the recession. Significant growth was seen in craft and related trades after stagnant results in June. In addition, the annual growth trend escalated in July, suggesting sustained long term improvement.

Netherlands: Following increased demand over the late-spring and early-summer months, online job opportunities noted a mild dip in July. In addition, whilst opportunities remained up compared to year-earlier levels, the annual growth rate slowed in July, suggesting mild downshift in job creation drivers. Despite these declines, production, manufacturing, maintenance, repair has seen three months of elevated online job opportunities.

Sweden: Online job demand slowed for the second consecutive month in July, with demand tapering from its spring high, much of which can be attributed to seasonal recruitment trends. Despite the monthly decline, the annual growth rate remained at the same level as June 2010, with opportunities up 23 % compared to July 2009, suggesting that overall the recruitment industry is slowly recovering from pre-recessionary levels.

UK: Annual growth for the Monster Employment Index UK was measured at 17 % in July, as the trend of improved hiring conditions relative to 2009 continued. Within the upward-trending healthcare, social work sector, hiring continued to shift towards technicians rather than practitioners. Technology-driven sectors like engineering, IT and research and development registered rises in online demand, exceeding seasonal averages from past years.

N.B: The Index was launched in June 2005 with data from December 2004. It is based on a monthly analysis of millions of online job opportunities culled from a large, representative selection of corporate career sites and job boards across Europe, including Monster.

To read the full Monster Employment Index Europe please click here



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