July Monster Employment Index Rises 2% Year-over-Year (Graphic: Business Wire)
Monster Worldwide, Inc. (NYSE: MWW):
July 2012 Index Highlights:
- Monster Employment Index U.S. grows two percent in July, the 29th consecutive month of positive year-on-year growth yet at a decelerated rate compared to five percent in June
- Transportation and warehousing recruitment continued to place among the top sectors with 11 percent recruitment growth, at a moderating pace compared to 22 percent in June
- Information rebounded with long-term trend pointing positive again, while educational services, accommodation and food services, and public administration recorded negative annual growth
- Among major metropolitan markets, Houston was the growth leader. Los Angeles continues to gain momentum, while metros like Pittsburgh and Minneapolis are down in the rankings
The Monster Employment Index U.S. is a monthly gauge of U.S. online job posting activity 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. 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.
Monster Employment Index U.S. results for the past 18 months are as follows:
| Feb11 | Mar11 | Apr11 | May11 | Jun11 | Jul11 | Aug11 | Sep11 | Oct11 | Nov11 | Dec11 | Jan12 | Feb12 | Mar12 | Apr12 | May12 | Jun12 | Jul12 | Y-O-YGROWTH | ||||||||||||||||||||||||||||||||||||
| 129 | 136 | 145 | 143 | 146 | 144 | 147 | 148 | 151 | 147 | 140 | 133 | 143 | 143 | 146 | 147 | 153 | 147 | 2% | ||||||||||||||||||||||||||||||||||||
- Agriculture, Forestry, and Fishing (up 19 percent) finished itself atop the sector rankings in the July Index, swapping places with Transportation and warehousing – June’s leader
- Transportation and Warehousing (up 11 percent) has charted a moderation in pace of expansion, most notably for formerly fast-expanding recruitment areas like operations research, assorted transport management, and IT occupations. Truck/heavy freight drivers remains the largest single occupational recruitment area for the sector
- Wholesale Trade (up ten percent) has tapered in each month since April, somewhat counter to seasonal precedent for the sector, and is now barely registering double-digit percentage growth on the year
- Retail Trade (up nine percent) held relatively steady, despite the recent months of stagnation in the Department of Commerce’s retail sales figures
- Healthcare and Social Assistance (up nine percent) charted further improvement in long-term growth trend in July with some of the new momentum originating in non-practitioner sub-categories. Information and records workers, as well as assorted technicians and personal care workers are encountering elevated demand levels.
- Information tipped back to the positive direction in July, after having gone flat in June
- Accommodation and Food Services (down 4 percent) and Educational Services (down ten percent) continued to slip, joining Public Administration (down 19 percent) with the distinction of having steepest annual declines in the Index
| Year-over-year Growth | Jul11 | Jul12 | % GrowthY-o-y | ||||||
| Agriculture, Forestry, Fishing and Hunting | 190 | 226 | 19% | ||||||
| Transportation and Warehousing | 196 | 217 | 11% | ||||||
| Wholesale Trade | 157 | 172 | 10% | ||||||
| Retail Trade | 160 | 174 | 9% | ||||||
| Health Care and Social Assistance | 104 | 113 | 9% | ||||||
| Year-over-year Growth | Jul11 | Jul12 | % GrowthY-o-y | ||||||
| Utilities | 138 | 138 | 0% | ||||||
| Management of Companies and Enterprises | 109 | 109 | 0% | ||||||
| Accommodation and Food Services | 98 | 94 | -4% | ||||||
| Educational Services | 92 | 83 | -10% | ||||||
| Public Administration | 167 | 136 | -19% | ||||||
- Legal (up 21 percent) registered the highest annual growth in July
- Building, Grounds Cleaning, Maintenance (up 17 percent) and Architecture and Engineering (up 16 percent) recorded similar acceleration
| Year-over-year Growth | Jul11 | Jul12 | % GrowthY-o-y | ||||||
| Legal | 109 | 132 | 21% | ||||||
| Building, Grounds Cleaning, Maintenance | 117 | 137 | 17% | ||||||
| Architecture and Engineering | 109 | 126 | 16% | ||||||
| Personal Care and Service | 69 | 79 | 14% | ||||||
| Farming, Fishing, and Forestry | 163 | 186 | 14% | ||||||
| Year-over-year Growth | Jul11 | Jul12 | % GrowthY-o-y | ||||||
| Life, Physical, and Social Science | 141 | 138 | -2% | ||||||
| Production | 132 | 129 | -2% | ||||||
| Community and Social Services | 216 | 210 | -3% | ||||||
| Protective Service | 70 | 67 | -4% | ||||||
| Education, Training, and Library | 129 | 120 | -7% | ||||||
- Houston (up 15 percent) has ranked among the top 5 metros by measure of long-term growth for several months, with notable momentum gains in occupational categories like legal and computer/mathematical during the latest month. Local construction and production recruitment is also growing at rates exceeding nationwide averages for the respective occupational categories
- Los Angeles (up 13 percent) labor market statistics generally mirror those for the state of California, featuring one of the highest unemployment rates in the nation, but figures have improved in recent months, and employment gains have been realized. In July, Los Angeles recruitment trends improved further for production occupations, sales, healthcare, IT, and engineering
- Minneapolis (up three percent) and Pittsburgh (up four percent) each charted slower growth in July compared to June. Contrasting with other parts of the nation, recruitment remained particularly weak for production occupations. Trends also suggested dispersion in momentum for transportation and material moving
| Year-over-year Growth | Jul11 | Jul12 | % GrowthY-o-y | ||||||
| Houston | 135 | 155 | 15% | ||||||
| Dallas | 115 | 131 | 14% | ||||||
| Indianapolis | 106 | 120 | 13% | ||||||
| Chicago | 92 | 104 | 13% | ||||||
| Los Angeles | 71 | 80 | 13% | ||||||
| Year-over-year Growth | Jul11 | Jul12 | % GrowthY-o-y | ||||||
| Boston | 84 | 88 | 5% | ||||||
| Kansas City | 106 | 111 | 5% | ||||||
| Tampa | 92 | 96 | 4% | ||||||
| Pittsburgh | 169 | 176 | 4% | ||||||
| Minneapolis | 114 | 117 | 3% | ||||||
- Monster Employment Index Europe showed further improvement in July, increasing 2 percent compared to a year ago. This was the 27th consecutive month in which positive annual growth was charted. Online demand continued showing the strongest rate of increase in Germany. Opportunities in the country rose at the fastest pace, registering an annual growth of 13 percent. While the Netherlands continued being the country showing the steepest declines across Europe in July, edging down by 18 percent compared to the year previously.
- Monster Employment Index India recorded a three percent increase year-over-year in June. Agro based industries recorded the highest growth while Travel and Tourism also recorded strong annual growth; Government/PSU recorded double digit negative decline. Demand for arts/ creative occupations exhibited highest annual gain
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