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Monster: European Employment Down 4% Year-over-Year in November 2012

December 8th, 2012
in econ_news, syndication

Econintersect:  The Monster Employment Index Europe has recorded the fourth monster-logoconsecutive month of year-over-year employment contraction for that region.  Employment has failed to advance y-o-y for nine of the past ten months and fifteen of the last seventeen.  Germany has newly joined the employment decline club in November after having shown y-o-y employment growth in October.  For November only the UK and  Belgium recorded an advance.

Follow up:

Here are the summary highlights from Monster:

  • The Monster Employment Index Europe reports a fourth consecutive month of annual decline, recording a four percent decrease in online hiring over the year in November
  • Belgium and the United Kingdom are the only two regions to report annual growth, both up one percent. All other regions report reduced online recruitment activity compared to year-ago levels
  • Germany continues to decelerate, recording an annual decline of five percent from a positive growth rate of two percent in October
  • Environment, architecture, urbanism records a seventh consecutive month as the top performing industry year-over-year while Transport, post, logistics reports the sharpest reductions for the second consecutive month
  • Managers (up five percent) sees the greatest increase in demand year-over-year of all occupations
  • Elementary occupations (down 16 percent) continues to report the weakest rates of annual growth for the sixth consecutive month

The Netherlands (-15%), France (-12%) and Sweden (-10%) all saw double digit declines.

Of the 24 industry classifications the only advances were for environment, architecture and urbanism (23%); education, training and library (15%); management and consulting (4%); and healthcare and social work (2%).

Industries with double digit loss were transport, post and logistics (-12%); telecommunications (-11%); and production, manufacturing, maintenance and repair (-10%).

Curiously for occupations managers were up 5% while all classification of workers except for plant and machine operators, and assemblers (4%) were all negative.  More managers to manage fewer people?

About The Monster Employment Index Europe

The Monster Employment Index Europe provides monthly insight into online job posting activity across the European Union. Launched in June 2005 with data from December 2004, the Index is based on a 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’s underlying data is validated for accuracy by Research America, Inc. – an independent, third-party auditing firm – to ensure that measured national online job recruitment activity is within a margin of error of +/- 1.05%.

The Index monitors online job opportunities across all European Union member countries.

The monthly reports for Belgium, France, Germany, Italy, the Netherlands, Sweden, the United Kingdom and Europe are available at: http://about-monster.com/employment/index/17.

John Lounsbury

Source: Monster Employment Index Report for Europe - November 2012, 07 December 2012)

 









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