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DOL - State of the American Work Force:
America is working, inflation is low, and wages are increasing. 3.1 million more people were employed in December 2006 than at the end of 2005. The unemployment rate has continued its descent over the course of the year to a low 4.5%, and American workers saw real after-tax personal income per person increase over $2,800 since January 2001.
Labor Secretary Elaine L. Chao
Reveille and Hyperbole:
TalentHook, a cutting-edge resume spidering technology solution, has released an upgrade that now allows TalentHook to be deployed in a Terminal Server environment, giving users the ability to access the TalentHook application from a remote computer over a network connection.
Vault, Career information pioneer, unveils the first-ever video resume contest. Video resumes are a new technology with tremendous potential for both employers and job seekers.
Aspiring investment banking summer analysts are invited to submit video resumes to Vault.com by February 8, 2007. Vault editors will choose the five most impressive submissions and recommend those winners to its network of hiring professionals at top investment banks.
Vault expects to run similar contests for applicants in other fields, such as consulting, accounting, law, fashion and advertising.
CollegeRecruiter.com and Alloy Education,
a division of Alloy Media + Marketing (NASDQ: ALOY), announced an agreement under which scholarship and college information from Alloy Education's CareersandColleges.com website will be made available for search on CollegeRecruiter.com. Moreover, hundreds of thousands of job posting advertisements and employment-related articles from CollegeRecruiter.com will now be available for search on Alloy Education's CareersandColleges.com.
Oracle announced the general availability of Oracle's PeopleSoft Enterprise Human Capital Management 9.0. The introduction of PeopleSoft Enterprise Human Capital Management 9.0 completes the delivery of the PeopleSoft Enterprise 9 Suite, and reinforces Oracle's continued commitment to the "Applications Unlimited" program.
2007 Staffing and Recruiting Trends:
Some of the key findings of the "2007 Staffing and Recruiting Trends" report from Bullhorn include:
- 71% believe automated search agents will improve sourcing
- A front office sourcing tool fully integrated with Microsoft Outlook would be a welcome innovation
- 43% rely on tools other than integrated front-office software
- A fully integrated and synchronized front-office solution featuring on-demand, real-time access to client orders, ATS, search agents and job boards is viewed as the best available system
- More than half report that having anytime, anywhere access to all client and candidate information would improve placement rates
By filling out a brief registration and accessing the "2007 Staffing and Recruiting Trends" report—a $2,900 value—free of charge.
About Bullhorn, Inc.
Bullhorn is the global leader in On Demand, front-office staffing and recruiting software, providing the only completely integrated front-office solution for staffing and recruiting firms. Bullhorn enables its customers to synchronize sales and recruiting to generate, source and fill job orders in real-time, at anytime and from anyplace, at the highest rates in the industry. Delivered through software as a service, Bullhorn continually meets the evolving business needs of its customers. More than 600 firms and 7,500 users worldwide, including two of the top 10 U.S. staffing firms, partner with Bullhorn to meet the employment demands of the global economy.
Monster Employment Index Edges Higher in January
as Online Recruitment Activity Picks Up Following Year-end Holidays
January 2007 Index Highlights:
Index edges up one point in January, rebounding from year-end seasonal slowdown in December
Year-over-year growth rate eases, reflecting further moderation compared to Index's sharp increase in January 2006
Online recruitment slows in the blue-collar segment last month, while demand for white-collar occupations sees mixed results
Demand for life, physical and social science occupations grows at a solid pace year-over-year, despite a two-month dip
West South Central and West North Central regions see solid gains in online job availability over the year, while Pacific shows signs of further easing
The Monster Employment Index rose one point to a level of 168 in January, as online recruitment activity began to pick up following a year-end seasonal slowdown in December.
The Index's moderate gain last month stands in sharp contrast to the large surge seen in January 2006, when the U.S. economy was expanding at a very rapid pace before cooling off in the second and third quarters of last year. As a result, the Index's year-over-year growth rate dipped to 11.3 percent, reflecting further moderation in recruitment activity. However, the Index remains up on a year-over-year basis, despite a slowdown in recruitment activity.
During the month of January, 12 of the 20 industries and 5 of the 23 occupational categories tracked by the Index showed increased online job availability and rose by varying degrees.
Monster Employment Index results for the past 13 months are as follows:
"The fact that the Monster Employment Index saw a more modest improvement last month compared to the first month in previous years provides an early indication that the U.S. will see a slower growth rate of online job availability in 2007 compared to the rapid pace measured during 2006," said Steve Pogorzelski, Group President, International at Monster Worldwide. "January's Index results are consistent with what others are predicting for overall labor market growth. Monthly payroll growth during 2006 is expected to average 130,000 jobs per month, compared to an average of more than 150,000 per month during 2006."
Management of Companies and Enterprises; Transportation and Warehousing; and Utilities Show Sharpest Increases in January
The management of companies and enterprises category registered the sharpest increase in online job availability among industries last month, rising 12 points and reflecting high demand for labor among holding companies and similar corporate sector entities thanks in part to a bullish stock market, more concentrated business ownership, and a fairly healthy earnings season. Transportation and warehousing also rose 11 points, suggesting a correction from the previous month when holiday recruitment needs had been filled, and demonstrating high demand for workers due to booming international trade.
After an exceptionally mild November and December, utilities, up eight points, registered the highest annual rate of increase in the Index in more than a year in January, as colder weather finally set in across the country. Nine other industries showed varying degrees of increase in online job availability during the month.
In contrast, finance and insurance fell seven points, decreasing for the third consecutive month and now down on a year-over-year basis for the first time on record. The decline in January suggests that financial executives are continuing to hire in the first quarter of 2007, but at a slightly slower pace than during the fourth quarter of 2006. Online demand for workers in mining also declined in January, falling five points.
In addition, construction (up 6) and real estate and rental and leasing (up 2) registered continued growth in online job opportunities in January, following a period of soft demand during most of the second half of 2006. Combined with recent data on building permits, housing starts and home sales, the results of the Index suggest further stabilization in the residential real estate sector, which weighed so heavily on economic growth in the second half of 2006.
Legal; Food Preparation and Serving; and Arts, Design, Entertainment, Sports and Media Occupations All Rise in January
Five of the 23 occupations monitored showed increased online job availability between December and January, led by legal occupations, which surged 14 points, mirroring findings from previous years as January marks the start of the annual hiring cycle for lawyers and related legal staff. Food preparation and serving jumped five points, extending its upward trajectory and suggesting continued strength in the food services industry and the broader hospitality sector. Online demand for workers in arts, design, entertainment, sports and media related occupations also turned higher, rising two points, indicating continued high demand for marketing, advertising, design and PR professionals across the country.
Several blue-collar occupations noted significantly reduced online job availability in January. The three main categories: construction and extraction; production; and transportation and material moving; are now also down on a year-over-year basis. While colder weather may have contributed to weaker demand last month, the over-the-year decline also reflects a cooling housing market and continued weakness in manufacturing, particularly in the automotive industry. Buildings and grounds cleaning and maintenance and installation, maintenance, and repair also noted a decline in postings, according to the Index.
Various service occupations remain on top of the list of fastest growing categories over the past 12 months, led by community and social services, showing a 30 percent year-over-year growth rate, and protective services, with a 28 percent year-over-year growth rate. Although online job availability for life, physical, and social science occupations dipped slightly between December and January, the category has seen solid growth, showing a 16 percent year-over-year growth rate, driven by heightened demand for college professors, as well as researchers and scientists in general.
Online Job Demand Declines in All Nine U.S. Regions in December
The Index fell by varying degrees in all nine U.S. Census divisions for a second consecutive month. The most moderate downturn was noted in both the West South Central and Pacific regions, each slipping two points in January. While the West South Central region (Arkansas, Louisiana, Oklahoma and Texas) continued to show strength, the Pacific region has remained mostly flat, due to slowing demand in California, Oregon and Washington State. The West North Central region, which fell six points in January, remains the second best performer in terms of annual growth.
A majority of the 50 states and the District of Columbia registered fewer online job opportunities in January. With the exception of Alaska, Alabama and Florida, all states are up year over year.
To obtain a full copy of the Monster Employment Index report for January 2007, including all charts and tables, please visit http://www.monsterworldwide.com/Press_Room/MEI.html. Data for the month of February 2007 will be released on March 8, 2007.
About the Monster Employment Index
Launched in April 2004 with data collected since October 2003, the Monster Employment Index 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 more than 1,500 Web sites, including a variety of corporate career sites, job boards and 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 on a monthly basis by ARC Research. The audit validates the accuracy of the online job recruitment activity measured within a margin of error of +/- 1.05%.
About Monster Worldwide
Monster Worldwide, Inc. (NASDAQ: MNST) parent company of Monster(R), 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 and the NASDAQ 100. To learn more about Monster's industry-leading products and services, visit www.monster.com. More information about Monster Worldwide is available at www.monsterworldwide.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, seasonality 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.
CONTACT: Monster Worldwide
Kathryn Burns, 212-351-7063
TopUSAJobs.com: Guide to Top Specialty Boards
Corporate Recruiting & Staffing
Leadership Corporate Academy
February 6, 2007
Pepperdine University, Los Angeles, CA
Other Dates and Locations Available.
Human Capital Management Defense (HCMD) |
February 13 -16, 2007
on Workplace Diversity |
February 20 - 21, 2007
St. Paul Rivercentre
St. Paul, Minnesota.
Strategic E-HR Conference |
Using Technology for Comprehensive Talent & Performance Management
February 28 – March 1, 2007
Coronado Island Marriott
San Diego, CA
2007 AESC Americas Conference: THE NEW
March 7 - March 8, 2007
The Harvard Club
New York City, New York
Staffing Industry Executive Forum|
March 12-15, 2007
Australasian Talent Conference|
March 20, 21 & 22, 2007
Talent Management Strategies Conference
March 22 – March 23, 2007
New York, NY
Nursing Management Recruitment & Retention
May 4-6, 2007
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