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Despite doom and gloom about the state of the European economy, the latest monthly Employment Index for Europe published by job board Monster Worldwide Inc, demonstrates year-on-year growth of +14% in October 2011, with eased annual growth rates compared to August and September.
Germany continues to lead by rate of annual growth while The Netherlands join Belgium as one of the two countries to chart net declines on the year.
20 of the 24 industry sectors monitored by the Index in October exhibited positive annual growth trends:
Engineering (+33%) continued to lead all industries for the second consecutive month.
Transport, post and logistics (+31%) surpassed production, manufacturing, maintenance and repair (+30%) this month, ranking second and third respectively by measure of annual growth.
Healthcare, social work fell into negative growth of -1% on the year, the first time this sector has registered a decline in the history of the Index. Annual growth reductions were most pronounced across the larger countries such as Germany and France.
Environment, architecture, urbanism (+7%) was the only sector to register noticeable growth gains in the October Index as sector employers stepped up their online recruitment activity. Occupationally, opportunities were most prevalent across the Professionals group.
The public sector, defence, community (-9%) noted continued reduction in annual growth in October.
All nine occupational groups monitored by the Index in October continued to exhibit positive growth trends:
While craft and related trades (+35%) continued to lead all occupations by measure of annual growth, this was at notably lower growth rates compared to those observed in previous months, mirroring trends seen across the production and construction sectors.
Elementary (+18%) noted improved growth in October and moved from third to second place position by measure of annual growth, while service and sales (+17%) ranked third.
Skilled agricultural, forestry and fishery workers (+8%) noted a significant decline in annual growth in October compared to the +28% growth rate observed in September and fell to the bottom of the Index.
Managers (+8%) continued to record the lowest annual growth of all occupational groups and was closely followed by technicians and associate professionals (+9%)
Alan Townsend, Vice President of Sales Readiness and Business Operations for Monster Europe commented “with the MEI continuing to exhibit strong demand for engineering, there is a clear opportunity for workers within this sector, as well as across transport and production where these industries continue to support positive annual growth in recruitment.”
“However, the muted growth of many European economies is clearly affecting employers’ hiring decisions with generally eased growth across industries that usually experience pick-up following the quieter summer months.”
The Monster Employment Index Europe is a monthly gauge of online job demand based on a real-time review of millions of employer job opportunities culled from a large representative selection of career web sites and online job listings across Europe. The Index does not reflect the trend of any one advertiser or source, but is an aggregate measure of the change in job listings across the industry.
Further information, with details on individual countries, will be published next week.