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European Online Recruitment Shows Annual Growth of 22 Percent

(January 11, 2011) Monster Employment Index reports European Online Recruitment Shows Annual Growth of 22 Percent

December 2010 Index Highlights:
  • The Monster Employment Index Europe reported a 22 percent year-on-year growth, with the level of opportunities steady for the third month in a row

  • Education, training and library saw the largest rise on a monthly basis whilst Industrial sector opportunities showed the strongest annual growth

  • Banking, finance, insurance, and legal registered slowdowns in annual growth rate with reduced year-end online job offerings Italy leads monthly growth and Germany continues to be the strongest overall creator of job opportunities in Europe

Summary Overview
Online job demand ended 22 percent higher for the year, reflecting a more robust European economy and greater confidence in hiring. Job development during Q4 has generally remained stable. This means that while hiring has accelerated in some sectors and countries it has yet to become a universal and ongoing trend.

Education, training and library led all industry sectors in growth in December, driven by strong demand in extracurricular fields as private investment in education rebounds. Arts, entertainment, sports and leisure saw a similar growth rate in December, suggesting that employers could be preparing for European consumers to spend more on activities outside work in 2011.

Industrial production sectors are the star performers in Europe this year in terms of annual growth. Production, manufacturing, maintenance and repair grew at a significant rate along with automotive and engineering. Meanwhile, the overall top performer was transport, post and logistics, illustrating the European economy literally getting moving.

Monster Employment Index Europe results for the past 13 months are as follows:

December 2010 122
November 2010 122
October 2010 122
September 2010 117
August 2010 115
July 2010 115
June 2010 114
May 2010 112
April 2010 108
March 2010 104
February 2010 101
January 2010  93
December 2009 100

"We've seen the same level of demand for the third consecutive month; this shows that although the employment market is more positive than last year a degree of uncertainty remains," commented Andrea Bertone, head of Monster Europe. "Job creation is definitely gaining ground in individual countries and sectors but we are yet to see the economy shift into higher gear. It seems that many employers are waiting to see a clearer picture emerge before embarking on wider staff expansion."

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.

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