Worker Demand Falls Across Business Services Sector

July 2009 Index Highlights:

EU online job demand eased for the fifth consecutive month as the Monster Employment Index Europe fell by one point (one percent)
Hiring slowed further across professional and business services industries while offerings for healthcare workers continued soaring
The Index was held back by further cooling in Germany while Belgium, France and Italy showed moderate gains

Summary Overview

• Online recruitment activity across the European Union continued slowing in July as sluggish demand in Germany offset seasonal upticks in France and Italy.
• The Index’s year-on-year decline of 66 points (40 percent) represents the steepest annual drop on record, indicating the European labour market remains in contraction mode despite signs of stabilisation in some of the major markets.
• Sustained falls in sectors such as accounting, consulting, engineering, IT and R&D suggest many European businesses continue to rein in external costs and remain cautious about investing due to the uncertain economic climate.

In July, online job availability rose in ten of the Index’s 24 industry sectors and five of the 9 occupational groups monitored. 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 continued slowdown in EU recruitment activity at the onset of the third quarter shows that recent improvements in overall economic sentiment have yet to boost job creation among European companies,” commented Hugo Sellert, head of economic research at Monster Worldwide. “Germany, where hiring started to cool at a relatively late stage of the downturn, is now weighing heavily on the Index while demand appears to have stabilized in other major markets such as France, Netherlands and the UK.”

About The Monster Employment Index Europe
The Monster Employment Index Europe provides monthly insight into online recruitment trends across the European Union. Launched in June 2005 with data from December 2004, the Index is based on a 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’s underlying data is validated for accuracy by Research America, Inc. – an independent, third-party auditing firm – to ensure that measured online job recruitment activity is within a margin of error of +/- 1.05%. The Index monitors online job opportunities across all European Union member countries.

The monthly reports for Belgium, France, Germany, Italy, the Netherlands, Sweden, the United Kingdom and Europe are available to view on the Monster Employment Index Website

Last update : 23-08-2009 22:06

Keywords : News, Today, Monster July Employment Index Europe Edges Down

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