Monster Employment Index U.S. Records 4% Annual Growth in June, Edges up Month-over-Month

June 2011 MEI: Month-over-month and Year-over-year Growth (Graphic: Business Wire)

NEW YORK--()--Monster Worldwide, Inc. (NYSE: MWW):

June 2011 Index Highlights:

  • Monster Employment Index U.S. at 146, its highest level since October 2008
  • Annual growth rate at 4 percent in June, marking the 17th consecutive month of year-over-year growth
  • Wholesale and retail trade continue to register robust annual growth
  • Opportunities in the information sector expand, driven by increased demand in media and telecommunications
  • Public administration continues to register the steepest annual declines on a year-over-year basis

The Monster Employment Index U.S. is a monthly gauge of U.S. online job demand 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.

“It is encouraging to see that the Monster Employment Index U.S. has reached its highest level since October 2008 and has shown continued growth in the current economic cycle,” said Jesse Harriott, senior vice president and chief knowledge officer at Monster Worldwide. “Expansion in recruitment activity for the commerce sectors, like retail and wholesale trade in particular, is a positive indication of continued momentum in economic activity.”

Monster Employment Index U.S. results for the past 18 months are as follows:

Jan
10

 

Feb
10

 

Mar
10

 

Apr
10

 

May
10

 

Jun
10

 

Jul
10

 

Aug
10

 

Sep
10

 

Oct
10

 

Nov
10

 

Dec
10

 

Jan
11

 

Feb
11

 

Mar
11

 

Apr
11

 

May
11

   

Jun
11

 

Y-O-Y

114   124   125   133   134   141   138   136   138   136   134   130   122   129   136   145   143     146   4%

 

Industry Year-over-year Trends: 13 of the 20 industries monitored by the Index showed positive annual growth trends.

  • Mining, quarrying, oil and gas extraction (up 60 percent), and Utilities (up 25 percent) continued to lead the Index on an annual basis
  • Information (up 15 percent) was among the top growth sectors in June, with escalation in demand for workers among content creation and distribution firms including telecommunications and internet media
  • Wholesale trade (up 17 percent) recorded strong online job demand for professional operations and procurement-related positions
  • Real Estate and Rental (down 8 percent) and Construction (down 3 percent) exhibited reduced demand compared to the summer of 2010
  • Public Administration (down 21 percent) continued to register the slowest annual growth in June

Top Growth Industries

           

Year-over-year Growth

 

Jun
10

 

Jun
11

 

% Growth
Y-o-y

Mining, Quarrying and Oil and Gas Extraction   178   284   60%
Utilities   121   151   25%
Retail Trade   135   160   19%
Wholesale Trade   134   157   17%
Information   80   92   15%

Lowest Growth Industries

           
Year-over-year Growth  

Jun
10

 

Jun
11

 

% Growth
Y-o-y

Construction   200   194   -3%
Real Estate and Rental and Leasing   60   55   -8%
Management of Companies and Enterprises   122   111   -9%
Accommodation and Food Services   113   102   -10%
Public Administration   193   153   -21%
     

Occupation Year-over-year Trends: Annual online demand for workers rose in 15 of 23 occupational categories in June.

  • Installation, maintenance and repair (up 27 percent) was the top growth occupation on an annual basis
  • Computer and mathematical (up 15 percent) and arts, entertainment, sports and media (up 3 percent) exhibited positive year-over-year growth, as exhibited by the broader information sector

Top Growth Occupations

           
Year-over-year Growth  

Jun
10

 

Jun
11

 

% Growth
Y-o-y

Installation, Maintenance, and Repair   134   170   27%
Architecture and Engineering   89   109   22%
Personal Care and Service   59   69   17%
Computer and Mathematical   102   117   15%
Production   117   134   15%

Lowest Growth Occupations

           
Year-over-year Growth  

Jun
10

 

Jun
11

 

% Growth
Y-o-y

Business and Financial Operations   151   147   -3%
Management   152   146   -4%
Building/Grounds Cleaning/Maintenance   122   116   -5%
Food Preparation and Serving   119   109   -8%
Protective Service   85   68   -20%
     

Geographic year-over-year Trends: 26 of the 28 metro markets recorded positive annual growth in June.

  • Minneapolis (up 24 percent) claimed the top growth position among the major metropolitan markets by measure of annual gains
  • Washington, DC (down 7 percent) continued to be the only market to decline on an annual basis, possibly driven by weakness in public sector hiring

Top Growth Metro Markets

           
Year-over-year Growth  

Jun
10

 

Jun
11

 

% Growth
Y-o-y

Minneapolis   91   113   24%
Detroit   91   111   22%
Cleveland   100   118   18%
Cincinnati   84   99   18%
Chicago   78   91   17%

Lowest Growth Metro Markets

           
Year-over-year Growth  

Jun
10

 

Jun
11

 

% Growth
Y-o-y

Los Angeles   69   71   3%
Miami   78   80   3%
New York City   84   86   2%
Boston   81   81   0%
Washington, DC   58   54   -7%
     

International Trends:

  • Monster Employment Index Europe registered a 23 percent annual growth rate in June. Germany continues to lead all countries in annual growth and industrial production sectors like production, manufacturing, maintenance, and repair; and transport, post and logistics continue to grow
  • Monster Employment Index India recorded a 12 percent increase year-over-year in May, with strong annual growth for the retail; automotive; and IT sectors

To obtain a full copy of the Monster Employment Index U.S. report for June 2011, and to access current individual data charts for each of the 28 metro markets tracked, please visit http://about-monster.com/employment-index. Data for the month of July 2011 will be released on August 4, 2011.

About the Monster Employment Index U.S.

Launched in April 2004 with data collected since October 2003, the Monster Employment Index U.S. is a broad and comprehensive monthly analysis of U.S. online job demand conducted by Monster Worldwide, Inc. Based on a real-time review of millions of employer job opportunities culled from a large, representative selection of corporate career sites and job boards, including Monster, the Monster Employment Index presents a snapshot of employer online recruitment activity nationwide. All of the data and findings in the Monster Employment Index have been validated for their accuracy through independent, third party auditing conducted periodically by Research America, Inc. The audit validates the accuracy of the national online job recruitment activity measured within a margin of error of +/- 1.05%.

About Monster Worldwide

Monster Worldwide, Inc. (NYSE: MWW), parent company of Monster®, the premier global online employment solution for more than a decade, strives to bring people together to advance their lives. With a local presence in key markets in North America, Europe, and Asia, Monster works for everyone by connecting employers with quality job seekers at all levels and by providing personalized career advice to consumers globally. Through online media sites and services, Monster delivers vast, highly targeted audiences to advertisers. Monster Worldwide is a member of the S&P 500 Index. To learn more about Monster's industry-leading products and services, visit www.monster.com. More information about Monster Worldwide is available at http://about-monster.com/.

Special Note: Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995: Except for historical information contained herein, the statements made in this release constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such forward-looking statements involve certain risks and uncertainties, including statements regarding Monster Worldwide, Inc.'s strategic direction, prospects and future results. Certain factors, including factors outside of Monster Worldwide's control, may cause actual results to differ materially from those contained in the forward- looking statements, including economic and other conditions in the markets in which Monster Worldwide operates, risks associated with acquisitions, competition, and the other risks discussed in Monster Worldwide's Form 10-K and other filings made with the Securities and Exchange Commission, which discussions are incorporated in this release by reference.

Photos/Multimedia Gallery Available: http://www.businesswire.com/cgi-bin/mmg.cgi?eid=6786642&lang=en

Contacts

General Information:
Monster Worldwide
Deepika Murty, 978-461-8765
Deepika.Murty@monster.com
or
Media Inquiries:
Matthew Henson, 978-823-2627
Matthew.Henson@monster.com

Release Summary

Monster Employment Index U.S. at 146, its highest level since October 2008. Annual growth rate at 4 percent in June, marking the 17th consecutive month of year-over-year growth.

Contacts

General Information:
Monster Worldwide
Deepika Murty, 978-461-8765
Deepika.Murty@monster.com
or
Media Inquiries:
Matthew Henson, 978-823-2627
Matthew.Henson@monster.com