June 2011 Index Highlights:
- The Monster Employment Index Europe demonstrates 23 percent annual growth in June, up from the 21 percent observed in May
- Germany, up 41%, remains the star performer leading annual growth in EU countries
- Industrial production related sectors including, transport, post and logistics and production/ manufacturing, continue to lead the Index for the fifth consecutive month
- The arts, public sector, defence and community and banking sectors exhibit annual declines
The Monster Employment Index Europe is a monthly gauge of 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 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.
“The current pace, in the European Index is being driven primarily by the industrial production related sectors, professional services and continued resilience of some economies like Germany,” commented Alan Townsend, Vice President of Sales Readiness and Business Operations for Monster Europe. “The Index remains strong at 23% annual growth, suggesting a notable expansion in European recruitment year-over-year despite the continued declines in the arts/ entertainment and public sectors.”
Industry Year-over-year Trends: 21 of the 24 industry sectors monitored by the Index in June maintained positive annual growth trends.
- Transport, post and logistics (up 52 percent) exhibited the strongest annual growth of all sectors in June while Production, manufacturing, maintenance and repair (up 51 percent) followed closely behind
- Engineering (up 41 percent) and Telecommunication (up 29 percent) noted the strongest annual growth of the professional services segment
- Automotive (up 26 percent) noted further improvement in annual growth rate in June
- Arts, entertainment, sports, leisure (down 12 percent) continued to register the steepest annual decline among all sectors, although gradual improvement was noted month-on-month across France, Spain, and Italy
- Public sector, defence, community (down 3 percent) and Banking, finance, insurance (down one percent) were the two remaining sectors to register annual declines in the Index, where Banking declines were most notable in the UK and Netherlands
Occupation Year-over-year Trends: All nine occupational groups monitored by the Index in June continued to exhibit positive annual growth.
Craft and related trades workers (up 54 percent) maintained its lead in annual growth across all occupations
Plant and machine operators and assemblers (up 42 percent) continued to exhibit strong growth in-line with the expansion in industrial production seen over the past year across Europe
Elementary occupations (up 33 percent) edged up among occupational groups and claimed third place by measure of annual growth, a direct response to emerging non-skilled opportunities observed across the majority of EU countries monitored by the Index
Managers (up 9 percent) registered the slowest rate of annual growth among occupational groups but was still at its highest level in the Index since February 2009
The full monthly Monster Employment Index reports for Belgium, France, Germany, Italy, the Netherlands, Sweden and the United Kingdom will be made available on Tuesday, 12th July at 06:00 CET at: http://aboutmonster.com/employment/index/17.
