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The latest Monster Employment Index* Europe published today by job board specialist Monster Worldwide Inc, shows that June marked the fifth consecutive month of expansion in online job opportunities, suggesting employment is on a path of gradual recovery.
The Index rose overall despite less than half of industry sectors reporting growth. Key sectors such as production and transport pushed the Index up. Production, manufacturing, maintenance and repair reported the largest uptick. The sector grew 10 points (6%), leaving it at its highest level since March 2009.
Transport, post and logistics noted a six point (5%) increase in online worker demand in June. The sector had the highest rate of annual growth as opportunities were up +33%.
Sectors fuelled by government spending saw notable increases in June, with education, training and library and public sector, defence and repair growing 11 points (8%) and three points (4%) respectively.
Consumer driven sectors, including hospitality and tourism saw a mild uptick in recruitment activity, largely due to seasonal hiring trends. The sector grew seven points (4%).
In contrast, automotive registered the sharpest monthly decline, with opportunities down eight points (7%). However, the sector continued to exhibit one of the strongest annual trends, with opportunities up +29% compared to June 2009.
Andrea Bertone, head of Monster Europe, commented "the slight improvement in June is yet another encouraging sign for current job seekers. In addition, the annual growth rate increased in June, suggesting that we are on the path to gradual recovery. Whilst both consumer and business confidence remained static between May and June, we have seen positive trends emerge in sectors such as manufacturing and transport and are optimistic about the level of opportunities that are emerging throughout the year."
Belgium: Despite this month's six percent decrease, the long term recruitment trend in Belgium remains positive, with year-on-year growth of +4%. HR, transportation, post and logistics and production, manufacturing, maintenance, repair saw the most positive uplift on the year. Elementary occupations was the only group to register a rise in demand for workers over the month. Additionally, this group reported the most positive trends over the quarter and the year.
France: Online recruitment activity dipped for the first time in five months in June across France. In addition the annual growth rate also slowed from the previous month with opportunities up +20% compared to June 2009. The dip in June reflects typical seasonal hiring trends seen at this time of year, after elevated activity over the spring.
Germany: Online recruitment activity continued its upward trend in June as growth in the transport industry fuelled the overall uptick in the Monster Employment Index Germany. In addition, the Index's annual rate of growth accelerated in June, suggesting an overall upswing in hiring activity over recent months.
Italy: Italian hiring activity increased in June for the fifth consecutive month and is now at its highest level since April 2009. Much of the growth across industry sectors was motivated by seasonal recruitment trends, such as in sectors like hospitality and tourism. In addition, the annual growth trend escalated in June, suggesting sustained long term improvement.
Netherlands: June marked the second consecutive month of growth for online job opportunities, as well as signalling a turn in the long-term trend. The Index reported annual growth for the first time since June 2008, with opportunities up four percent compared to June 2009. These positive signs, along with ongoing increased job demand in professional sectors including banking suggest that Dutch economy and industry remain on the path to recovery.
Sweden: Online job demand noted a very slight decrease in June, largely due to the typical slowdown in online hiring seen throughout the summer months. Despite the dip, online opportunities were up 23% compared to June 2009. Whilst the Index was down on a monthly basis, positive trends continue to be seen, especially in sectors such as education.
UK: Despite the somewhat muted increase in the Index on the month, annual growth was measured at 19% in June, matching the rate seen in May, as the trend of improved hiring conditions relative to 2009 carried on. June saw unseasonably strong recruitment activity for consumer-driven sectors including arts, entertainment, sports, leisure, and sales.
*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.