Daily NewsView All News
The latest Monster Employment Index* Europe published today by job board specialist Monster Worldwide Inc, shows that online recruitment activity continued to increase for a fourth consecutive month in May, as employers escalated their hiring activity in advance of the summer period. In addition, there was a marked a turnaround in annual growth, as online job opportunities were above year-earlier levels for the first since October 2008. This suggests that whilst much uncertainty clouds the current economic recovery, the pace of job creation has nonetheless improved from where it was a year ago.
Among industry sectors, education, training and library noted the largest monthly increase, as dictated by the sectors' traditional seasonal recruitment cycle. The uptick in transport, post and logistics reflects a broader increase across Europe in manufacturing and exports, which can be attributed to increased orders as global economic growth strengthened over recent months.
Andrea Bertone, head of Monster Europe, commented "the May Index reading is an encouraging sign for current job seekers, as employers appear to be increasing their hiring activity ahead of the summer. While many increases, especially in consumer driven sectors such as arts, entertainment, sports and leisure and sales, can be attributed to seasonal recruitment trends, it will not be until after the seasonal uptrend that we will be able to assess where we are on the road to recovery."
"We are now seeing year-on-year growth for the first time in 19 months, marking a possible point of inflection as employer confidence grows. Increased industrial activity in European exports has also led to an encouraging overall uptick in transport, post and logistics."
Belgium: Online recruitment activity in Belgium climbed for the fourth consecutive month in May. The job market continued to show improvement during the second quarter of the year, although a number of areas are weakening from an annual growth perspective including education, training and library. Nonetheless business sentiment has improved, which was reflected in the retail industries.
France: Online recruitment activity saw its second month of continued growth in May as consumer driven sectors such as hospitality and tourism and arts, entertainment, sports and leisure saw notable increases. In addition, moderate gains in technology related sectors, including IT and engineering, suggest businesses are beginning to invest once again.
Germany: The continued growth in the transport and production industries is starting to result in a sustained growth trend in the Monster Employment Index
Germany. Online recruitment activity for the production and transportation sectors has consistently escalated over the past five months, suggesting that employers are starting to prepare for growth.
Italy: Online hiring activity escalated for the fourth consecutive month in May. Many of the sectors showing increased opportunities were informed by seasonally motivated hiring, especially in areas such as hospitality and tourism, where businesses continued to prepare for the busy summer period. However, sectors including engineering and HR are showing more positive long term growth trends.
Netherlands: The falling rate of unemployment between February and March and the monthly uptick in online job opportunities could be subtle signs that the Dutch economy and recruitment industry are on the path to recovery. There is still some way to go however to the high levels of recruitment activity seen in early 2008. Positive long term trends are being seen in a number of sectors including marketing, PR and media and transport post and logistics.
Sweden: May marked the fourth consecutive month of elevated online job offerings, in a further departure from the cyclical lows of 2009. In addition, employment levels in the country were up compared to year-earlier figures, and this, coupled with increased business and consumer confidence, suggests the overall market is improving. The vast majority of sectors showed substantial monthly and annual gains in the May Index, and suggest that improvement is not isolated to one specific sector.
UK: In addition to climbing nine points on the month, May saw a +19% increase from May 2009, reflecting an improvement in late-spring online hiring conditions relative to a year ago. The only sector to register a decline this month was Healthcare, social work, which fell by four points (2%) between April and May.
To read the full Monster Employment Index Europe please click here