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