July Monster Employment Index Grows 21% Year-Over-Year, 6th Consecutive Month of Positive Annual Growth

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July 2010 Index Highlights:



  • Year-over-year
    growth rate holds steady from June, suggesting no significant change in
    underlying demand for labor nationwide

  • Index
    drops 3 points (2 percent) in July from June as online job availability
    eases with a decrease in summer hiring activity

  • Education
    and public administration see large growth in online job demand following
    relatively tempered springtime hiring

  • Manufacturing
    and transportation and warehousing industries rise in July, adding to
    longer-term trends that reflect continued growth in overall production and
    commerce

  • Amongst
    occupations, demand increase in some professional categories, including
    architecture and engineering; and life, physical, and social sciences

  • All
    metro markets tracked by the Index exhibit positive annual growth




NEW YORK, August 5, 2010 - The U.S. Monster Employment Index annual growth rate
remained at 21 percent (24-point increase) with the degree of July's seasonal
slowdown matching the historical July average seen in the Index, suggesting
some stability in underlying job market drivers. The Index declined by three
points (two percent) on a monthly basis reflecting a seasonal easing in online
recruitment activity seen at this stage of the year as companies reduce hiring
activity after meeting their summer requirements.



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.comĀ®.



During July, online job availability rose in 8 of the Index's 20 industry
sectors and in 8 of the 23 occupational categories monitored. Index results for
the past 13 months are as follows:




































Ju1. 10



Jun. 10



May 10



Apr. 10



Mar. 10



Feb. 10



Jan. 10



Dec. 09



Nov. 09



Oct. 09



Sept. 09



Aug. 09



Jul. 09



138



141



134



133



125



124



114



115



119



120



119



121



114






"The Monster Employment Index monthly
contraction in July was in line with seasonal expectations considering the
summer months tend to be a slower period for recruitment activity," said Jesse
Harriott, senior vice president and chief knowledge officer at Monster
Worldwide. "Year-over-year growth remained unchanged between June and July. The
fact that hiring is more robust than a year ago points to a general improvement
in the nation's hiring conditions as the economy continues its slow but steady
recovery."



Online Demand for the
Education Services Industry Registers Largest Increase in July; Retail Trade
and Finance Edge Down; Mining and Transportation/ Warehousing See Strongest
Year-over-Year Growth


Online recruitment activity rose in eight of the 20 industries monitored by the
Index between June and July, while 18 are showing positive growth trends on an
annual basis.



Among the industries, education and public administration registered large
monthly increases in online job availability in July. Both sectors, however,
exhibited notably restrained hiring activity during the traditionally stronger
springtime recruitment period. Moreover, July's increase in demand was mainly
for part-time and contract jobs, possibly providing sector employers more
flexibility amid the challenging budgetary climate. Mining, quarrying, oil and
gas extraction also rose in July, extending its growth trend since January, and
annual growth for this category was at a robust 53 percent in July, leading all
sectors. Manufacturing; and transportation and warehousing each gained 2
percent with both sectors recording fairly robust growth trends since January,
coinciding with a consistent rise in manufacturing sector payrolls over the
latest 6-month period.



In contrast, real estate remained the weakest trending sector in the Index,
reflecting the challenging housing market conditions - with online demand
falling 5 percent in July, and remaining flat year-over-year.



On an annual basis, mining; and transportation and warehousing led all
industries followed by utilities and professional, scientific, and technical
services.



Healthcare Support
Occupations Register Largest Gains in June; Food Preparation and Serving;
Management Rise; Farming Edges Down; Legal and Business/ Financial Operations
Register Largest Annual Growth Rates


Overall online demand for workers rose in eight and remained flat in 3 of the
23 occupational categories in July.



Among occupations, production; and transportation and material moving
registered the strongest monthly increases in online job availability in July.
Online demand for healthcare support occupations also continued to edge higher,
suggesting that employers may have initiated an early start to their recruiting
season, which typically gets underway later in the summer.



Meanwhile, the protective service category registered the steepest decline in
online recruitment activity among occupations in July. Business and financial
operations; and military- specific also showed substantially fewer online
opportunities.



Online Job Availability
Declines in All U.S. Census Bureau Regions in July; New York Records Highest
Annual Growth amongst States


During July, demand contracted in all U.S. Census Bureau regions with Middle
Atlantic registering the most moderate reduction in demand. However this region
continues to lead all regions from an annual growth perspective. South Atlantic
was the only region to record a slowdown in annual growth rate from 17 percent
to 15 percent in July.



Among the 50 states and the District, only 2 registered increased online job
opportunities in July, while 6 remained flat. New York was the top state by
measure of annual growth in the Index. With the exception of Alaska, annual
growth was positive for every state in the Index.



All 28 Major U.S. Metro
Markets Monitored By The Index Register Positive Annual Growth


During July, online recruitment activity fell in 26 of the 28 major
metropolitan markets, monitored by the Index. Philadelphia was the only market to
exhibit growth in online job demand with a majority of the occupational
categories registering expanded opportunities. Over the year, demand trends
have developed notably for production, transportation, management, and office
and administrative support; however, a majority of the occupational groups
continue to remain below baseline levels in the Index.



In contrast, Washington, DC registered its steepest monthly fall in the Index
with online recruitment levels contracting more notably than recorded typically
for this time of year, especially for technical occupations like IT,
architecture and engineering, and the sciences. Nonetheless, the demand for
workers appears stronger than it was a year ago for the market as a whole. The
major metropolitan markets of Florida also showed an unseasonal moderation in
online recruitment activity. Occupationally, recruitment trends were generally
similar across Miami, Orlando, and Tampa, with largest monthly declines
centered around business and financial operations, the healthcare occupations,
and construction.



To obtain a full copy of the Monster Employment Index report for June 2010, and
to 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 August 2010 will be released on September 2, 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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