Online Worker-demand across European Union Falls to Four-year Low, according to Monster Employment Index Europe

Tue Jul 14, 2009 12:00am EDT
 
[-] Text [+]
June 2009 Index Highlights:

* Online demand across the EU dipped two percent in June 
* June`s decline marks the fourth consecutive month of falling job availability,
leaving the Index 39 percent short of its year-ago reading 
* Industry sectors reporting sharpest declines included management and
consulting; transportation, engineering and R&D 
* Sweden remains stable; Belgium and UK edge higher; Marketing, PR and Media
bounce back

LONDON--(Business Wire)--
Summary Overview

While the overall Index continued its decreasing trend, individual country
results were mixed. Germany, Italy and the Netherlands reported sustained
declines, whereas modest increases were seen in Belgium and the UK.
Year-on-year, however, all EU markets remained in the red, reflecting the broad
slowdown in hiring activity across the continent. The Netherlands is now showing
the steepest annual rate of decline of all major EU markets. 

"The sustained deceleration in online recruitment during the second quarter
indicates that recession continues to linger in the EU job market despite
budding signs of improvement in some areas of the European economy," commented
Hugo Sellert, head of economic research at Monster Worldwide. "Many companies
are looking to contain labour costs, particularly for cost-intensive management
and consultant positions. In other areas such as healthcare and education,
however, demand remains strong with ample opportunity for employment." 

Monster Employment Index Europe findings the past 13 months are as follows:

 Jun     May     Apr     Mar     Feb     Jan     Dec     Nov     Oct     Sep     Aug     Jul     Jun   
 09      09      09      09      09      09      08      08      08      08      08      08      08    
 102     104     111     112     115     106     132     146     152     155     159     167     166   


The Monster Employment Index Europe is 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. 

The full Index report can be found on the Monster Worldwide Newsroom. Separate
reports are also published for Belgium, France, Germany, Italy, Netherlands,
Sweden and the United Kingdom. If you are a journalist interested in more
information or an interview about any of these reports, please get in touch
using the contact details below. 





Robin Clark / Christina Mezo
Weber Shandwick
+44 (0)207 067 0500
MonsterEurope@webershandwick.com

Copyright Business Wire 2009

 

Featured Broker sponsored link

Editor's Choice

A selection of our best photos from the past 24 hours.  Slideshow 

Most Popular on Reuters

  • Articles
  • Video