Big Thumbs Up: Monster Employment Index Rises 6%, All National Metro Areas Demand Rises

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March
Monster Employment Index Reflects Continued Optimism In Job Market




March 2010 Index Highlights:



  • The
    Monster Employment Index reports annual rise of six percent in March

  • New
    growth in real estate, rental and leasing; and construction industries;
    public administration and information decline

  • Continued
    gains in healthcare practitioner occupations, while community and social
    service; protective service and business edge down

  • Online
    job demand rises in all of the 28 major metro markets, with Orlando
    showing strongest monthly gain



NEW YORK, April 1, 2010 - The Monster Employment Index (MEI) had a monthly rise of
one point in March, as employers continued to expand hiring efforts at the end
of the first quarter. The annual growth rate in the MEI accelerated in March,
with the current online demand level six percent above where it was a year ago.


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 MonsterĀ®.


During March, online job availability rose in 12 of the Index's 20 industry
sectors and in 13 of the 23 occupational categories monitored. Index results
for the past 13 months are as follows:




































Mar. 10



Feb. 10



Jan. 10



Dec. 09



Nov. 09



Oct. 09



Sept. 09



Aug. 09



Jul. 09



Jun. 09



May. 09



Apr. 09



Mar. 09



125



124



114



115



119



120



119



121



114



117



118



120



118






"We're encouraged by the positive uptick in
the Index in the past two months," said Jesse Harriott, senior vice
president and chief knowledge officer at Monster Worldwide. "The Index
results may be a signal that companies intend to start hiring again. While the
labor market continues to be challenging for those looking for work, we are
encouraged to see early signs of what may be a return to consistent job
growth."

Real Estate, Rental and
Leasing; Construction Register Large Monthly Gains in Online Job Demand in
March; Public Administration and Information Edge Down


Online recruitment activity rose in 12 of the 20 NAICS industries. Construction
led all industries on a month-over-month basis with an 11-point gain in March.
Transportation and warehousing rose for the second consecutive month. This rise
in online job demand coincides with an increase in most shipping/transportation
metrics in recent months, including those for port activity, trucking, and rail
freight. Meanwhile, online job opportunities in retail trade registered an
eight-point increase in March with employers stepping up hiring after a
seasonal lull at the beginning of the first quarter. This rise demonstrates a
steady recovery in hiring activity in this sector, also reflected by a rise in retail
sales figures issued by the Department of Commerce. Manufacturing also
continued to rise in the Index and is up by two percent annually, coinciding
with a rise in durable goods orders, again reported by the Department of
Commerce.


Public administration; information; and professional, scientific, and technical
services saw a decline in online job demand in March, in contrast with the
usual initiation of recruitment cycles that have historically been seen in
early springtime.


On an annual basis, mining; as well as real estate and rental and leasing led
all industries, with online demand in real estate edging to its highest level
in more than one year. While existing home sales volumes have seen a downward
trend in the past three months, there is evidence that non-real estate rental
and leasing activity is on a potential upswing. Still, online job availability
continues to indicate a weak labor market for the sector relative to the 2007
and 2008 periods.

Thirteen Occupational
Categories See Increases in Online Job Availability in March; Four Remain Flat;
Community and Social Service; and Protective Service Decline


In March, online hiring demand rose in construction; and transportation
occupations as reflected by growth in their industries as a whole. Health care
and social assistance also registered a gain in March to reach its highest
level in five months in the Index with the healthcare practitioners group
exhibiting the most notable expansion in opportunities. Meanwhile, occupations
in the sales and related sector held steady in March, suggesting that the gains
in the broader retail trade industry were not only limited to sales positions,
but also managerial and technical occupations.


In contrast, online demand for occupations related to community and social
service; protective service; and business edged down in March.


Transportation and warehousing led all occupational categories in terms of
year-over-year growth with a 19 percent annual rise in opportunities closely
followed by sales and related which continued to remain above year-earlier
levels. Business and financial; education; and production occupations also
reported more online job offerings than a year ago.

Online Job Availability
Rises in Four of Nine U.S. Census Bureau Regions in March


During March, demand rose in four U.S. Census Bureau regions while two remained
flat. Pacific and Mid Atlantic registered the largest gains, climbing three
points each. West South Central remained unchanged in March, but displays the
largest three-month rise among all divisions. On an annual basis, Middle
Atlantic exhibited the most improvement.


Among the 50 states and the District, 18 registered increased online job
opportunities in March, led by Delaware and North Carolina. The Midwest states
of Nebraska and North Dakota noted steep monthly declines. New York led all
states by measure of year-on-year growth in online job demand, while
California's annual growth rate displayed notable improvement in March. Nevada
continues to exhibit the steepest annual decline.

All 28 Major U.S. Metro
Markets Monitored By The Index Register Increases in March


During March, online recruitment activity rose in all major metropolitan
markets, with Orlando, Portland and Cleveland registering the largest gains.
Opportunities in Orlando expanded notably not only for blue-collar and service
functions like transportation and material moving; and food preparation and
serving, but also for professional occupations like business and financial
operations; and IT.


Meanwhile, California's major metro markets continued their steady recovery,
with Los Angeles, San Diego, and San Francisco all edging up in March, and
exhibiting double-digit growth from a three-month view. The California metros
saw increased opportunities in occupations related to construction and
extraction, as well as high tech occupations like life, physical, and social
sciences; and business.


On a year-over-year basis, 25 of the 28 markets reported positive growth, while
four remained flat. Portland and Orlando continued to note the most substantial
gains in online demand on the year, while Washington, DC exhibited the steepest
annual decline, weighed down by a deceleration in public sector recruitment as
well as private sector recruitment for professionals in occupations like legal
and IT.


To obtain a full copy of the Monster Employment Index report for March 2010,
and access current individual data charts for each of the 28 metro markets
tracked, please visit http://about-monster.com/employment-index..
Data for the month of April 2010 will be released on May 6, 2010.

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 a large, representative
selection of corporate career sites and job boards, including 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 Research America, Inc. 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. (NYSE: MWW), parent company of MonsterĀ®, 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. To learn more about Monster's
industry-leading products and services, visit www.monster.com.
More information about Monster Worldwide is available at http://about-monster.com/.

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