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Europe October MEI YOY Growth (Graphic: Business Wire)

Monster Worldwide, Inc. (NYSE: MWW):

October 2012 Index Highlights:
  • T he Monster Employment Index Europe reports a third consecutive month of annual decline, recording a three percent decline in October, the sharpest rate of reduction seen since April 2010
  • Germany continues to report decelerating trends but still records two percent annual growth followed by Belgium and the United Kingdom (both up one percent)
  • Environment, architecture and urbanism sees its sixth month of consecutive growth and outpaces all industries while Transport, post and logistics reports the greatest decline
  • Online recruitment across Education, training, library (up ten percent) remains strong in October, prolonging an eight month growth trend and ranking second among the industries
  • Elementary occupations (down 15 percent) reports continued reductions in annual online recruitment and places bottom of all occupations measured by the Index

The Monster Employment Index Europe is a monthly gauge of 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 across Europe. 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.

“It is clear the broader economic uncertainties are impacting hiring activity, as reflected by the three percent decline in October’s Index -- a rate of reduction not seen since April 2010,” commented Alan Townsend, Senior Vice President of Sales Readiness and Business Operations for Monster Europe. “According to the latest OECD figures, larger markets in the EU are now reporting recession, and even Germany which has been the star performer in the Index, has been experiencing a slow-down in hiring levels. However, we also see pockets of resilient demand across key sectors such as Education, Healthcare and Production, which all exhibit growth year-over-year.”

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