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The latest monthly Employment Index for Europe published by job board Monster Worldwide Inc, shows +21% year-on-year growth in July 2011, down from the +23% observed in June 2011.
Growth takes place across all European Union countries with Germany continuing to lead with +36%.
22 of the 24 industry sectors monitored by the Index maintained positive annual growth trends in July 2011.
• Transport, post and logistics (up +43%) was the top growth sector in July and remained the star performer in the Index, closely followed by production, manufacturing, maintenance and repair (up +41%).
• Engineering (up +40%) and telecommunication (up +35%) remained the top performers of the professional services sector with telecommunication registering a notable improvement on last month's +29%.
• Banking, finance, insurance (up +2%) swung back into a state of positive annual growth, albeit at a modest rate. Legal (up +3%) also registered a positive annual growth rate, reflecting moderate improvement across primarily white-collar job functions in finance and professional services.
• Public sector, defence, community (down -6%) registered the steepest annual decline in July's Index, continuing to exhibit the impact of ongoing government cuts to this sector.
• Arts, entertainment, sports, leisure (-4%) was the only private-sector industry to exhibit ongoing decline, although the rate of decline has eased slightly from last month.
Alan Townsend, Vice-President of Sales Readiness and Business Operations for Monster Europe, commented "annual growth in industrial production remain a key contributor to overall growth in online recruitment across the continent, leading for the last six months in the Index as sector employers have continued to ramp up their efforts."
"While government cuts continued to impact the arts and public sectors, private sector opportunities are increasingly diversified with strengthening growth trends in creative areas like marketing, an encouraging sign."
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