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Monster Employment Index

(January 22, 2010) - Monster Employment Index Dips in December

December 2009 Index Highlights:
  • Index edges down four points in December, reflecting mild seasonal lull in U.S. online recruitment activity
  • Year-on-year, the Index is now down 12 percent, the most modest rate of annual decline in the past 18 months
  • Offerings in healthcare and government increase, while hospitality and retail sectors retract
  • Online job demand declines across 26 major metro markets with Cincinnati recording the sharpest drop
Summary Overview
The Monster Employment Index edged down four points in December, amid a relatively mild seasonal fall in online recruitment activity. On a year-over-year basis, the Index is now down 12 percent, the mildest rate of annual decline seen during the past 18 months indicating slight stability in underlying employer demand for workers at the end of the year.

The Monster Employment Index 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 corporate career Web sites and job boards, including Monster.com.

During December, online job availability rose in three of the Index's 20 industry sectors and in six of the 23 occupational categories monitored. Index results for the past 13 months are as follows:


    Month & Year Monster Employment Index
    December 09 115
    November 09 119
    October 09 120
    September 09 119
    August 09 121
    July 09 114
    June 09 117
    May 09 118
    April 09 120
    March 09 118
    February 09 122
    January 09 118
    December 08 131
"The decline in the Index during December is typical due to end-of-year seasonality. However, the improvement in the annual rate of decline lends evidence to a slight firming in underlying employer demand for workers at the end of the year" said Jesse Harriott, senior vice president and chief knowledge officer at Monster Worldwide. "Despite a challenging economic climate, hiring conditions seem to continue to stabilize, if not already slowly improving."


Colleen Gildea
colleen@interbiznet.com

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