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The latest Monster Employment Index Europe published today by job board Monster Worldwide Inc, shows that across Europe, there is a cautious hint of improvement, with external indicators such as business and consumer confidence reaching three year highs. The Index is beginning to mirror this sentiment as the annual growth rate for online hiring continues to accelerate. Compared to September 2009, job opportunities are now +21% higher and the Index is at its highest level since December 2008.
Among industry sectors, those reliant on industrial and export activity, including production, manufacturing maintenance and repair and transport, post and logistics noted substantial rises in September. Meanwhile science and technology sectors such as engineering and IT continued to report rises. All of these sectors also exhibited robust annual growth suggesting a positive turn in business investment trends.
Andrea Bertone, Head of Monster Europe, commented "the overall outlook for online job demand looks fairly positive and job seekers should be encouraged by the level of job opportunities we have seen over recent months. The rise in availability compared to levels seen in 2009 also paints an encouraging picture for the rest of the year. Sweden continues to register the most dramatic trends, with the annual growth well above year-earlier figures. The rise in the region is linked to substantial reinvestment and demand in technology related sectors which are key to Sweden's recruitment heritage."
Belgium: Online job opportunities rebounded in September. The increase can be attributed to the start of winter seasonal hiring activity, typical for this time of year. Despite an increase this month, year-on-year opportunities remained consistent, registering no change.
France: Following a seasonal slowdown in August, online job opportunities remained stable in September. External indicators, such as French economic growth as reported by INSEE, which accelerated faster than anticipated for the second quarter of 2010, suggest the economy continues on its path of recovery. This has been reflected in the level of available jobs, as both the government and private sector began to invest in areas such as healthcare, management and consulting, and IT, all of which exhibited strong annual growth trends in the September Index.
Germany: The gradual recovery seen across the German online recruitment activity continued into its eighth consecutive month in September. The ongoing rise in recruitment levels reflect wider industry trends being seen across the country. In August the unemployment rate remained stable.
Italy: Italian hiring activity decreased in September for the second consecutive month. Among industry sectors, the legal sector noted the sharpest dip following high summer online recruitment levels. In contrast, significant growth was seen in marketing, PR and media. In addition, the majority of regions monitored by the Monster Employment Index reported a monthly downturn, an anticipated result as seasonal recruitment slows.
Netherlands: Following robust hiring activity during the early Summer months, online recruitment continued to taper in September, with some of the declines due to seasonal recruitment patterns characteristic of this time of year. The annual growth rate was flat, reflecting a slowdown in the long-term growth rates established over the past three months. These elements combined suggest that ongoing recruitment demand may be beginning to stabilise.
Sweden: Following a downturn in online job opportunities in August, online recruitment activity rebounded in September, leaving the Index at its highest reading in three months. The monthly uptick can be largely attributed to seasonal recruitment trends as the winter months approach. Similarly, the annual growth rate increased +31%, a strong sign that the overall recruitment industry is continuing on its path of recovery.
UK: The September Index showed that long-term growth trends are strong, reporting an annual growth rate of +22%. Annual growth rates for administrative, organisation, management and consulting, and HR, suggest a broad improvement in demand for business support services. Recruitment in production and transport continued to expand at rates exceeding the national average in the Index.
To read the full Monster Employment Index Europe please click here