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The latest monthly Employment Index for Europe published today by job board Monster Worldwide Inc, shows +21% year-on-year growth in May 2011.
Germany continues to lead all countries in annual growth for the sixth consecutive month. Industrial sectors like production, manufacturing, maintenance, repair, transport, post and logistics continued to lead the Index. The public sector, defence and the community sector declined slightly in May 2011.
Alan Townsend, Vice President of Sales Readiness and Business Operations for Monster Europe, commented "the Monster European Employment Index has remained positive since May 2010, currently maintaining a healthy +21% growth over last year. It is encouraging to see industrial production is still continuing to drive online recruitment. The decline in public sector activity contrasts to the slight growth of previous months and will be interesting to monitor in terms of continuing calls for government cuts to services across this sector."
Belgium recorded a positive annual growth rate of +5%. A moderate result when compared with April. HR once again led all industry sectors in annual growth, while IT also exhibited strong annual growth. The Walloon region again registered the most rapid annual growth across all regions.
France was up +13% year-on-year. The legal sector registered gains, with annual growth swinging to a positive pace. Production, manufacturing, maintenance and repair was the highest performing sector year-on-year, registering its highest level for this time of year since the Index began. In comparison, managerial occupations experienced a slowdown in growth momentum when compared to April's heated pace of expansion in available opportunities.
Germany's job market continued to grow in May, with a +42% increase year-on-year. Education up by +77% continued to increase at an accelerated pace while hospitality and tourism up by +86%) also exhibited significant growth and is now the second-fastest growing sector in the Index by annual measure. Baden Wurttemberg led all regions in annual growth.
Italy reported annual growth at +11% in May. Marketing, PR and media up by +48% continued to lead all industries for a third consecutive month, while annual growth rates slowed for production and transport.
The Netherlands charted +3% annual growth in May. Hospitality and tourism noted further gains in annual growth, reflecting strong seasonal hiring. IT and engineering were among the few technical and professional service sectors to exhibit relatively steady annual growth while legal and research and development were among the sectors to slide. Noord-Brabant led the larger regions in online recruitment growth over the year.
Sweden annual growth rate continued to remain positive, rising +20% year-on-year in May. Engineering meanwhile rose significantly year-on-year despite a deceleration when compared with April's figure. Education, training and library registered a notable rise in annual growth pace, with a substantial expansion in opportunities for professional occupations. Sydsverige med Öarna is the top region in the Index by measure of annual growth.
The UK recorded annual gains of +5%. Transport, post and logistics continued to top all sectors measured by the Index, with a +36% increase in job posts year-on-year. Job opportunities in London were up by +2% year-on-year, placing it only slightly ahead of its position in the Index last year. May's Index revealed that online job posts in engineering saw an increase of +26% year-on-year.
NB: 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.