Monster Employment Index

Monster Employment Index

April 26, 2011 08:30 ET

Monster Employment Index Reaches Pre-Recessionary Growth Rates in Q1 2011

MONTREAL, QUEBEC--(Marketwire - April 26, 2011) -

Editors Note: There is a photo associated with this press release.

First Quarter 2011 Index Highlights:

  • Annual growth rate rises to 20 per cent, while Index rises 16 points (15 per cent) from last quarter
  • All 13 cities tracked by the Index record positive growth in Q1 and Quebec City reaches new high
  • Uptick in manufacturing sector signals recovery with 99 per cent YoY increase
  • Nine out of ten provinces register increases; only decline recorded in New Brunswick, reaching a new low at 85 points.

The Monster Employment Index is a quarterly gauge of Canadian 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.ca(R).

"The Index continues to climb and has now reached a pre-recessionary level," said Peter Gilfillan, senior vice president of international sales and general manager of Monster Canada. "Positive growth since the second quarter of 2010 indicates that employers' confidence continues to grow and the growth from the first quarter of 2011 signals that we should see continued hiring activity in the next 60 to 90 days."

Occupations Q1 2011 vs Q4 2010 Trends: All 10 national occupational classifications monitored by the Index showed positive annual growth trends.

  • Occupations Unique to Processing, Manufacturing and Utilities (up 99 per cent) were amongst the top-moving sectors in Q1, largely as a result of rising demand for workers in manufacturing and production and textiles.

  • Management Occupations (up 63 per cent) rose on a quarterly basis, displaying sector recruitment trends similar to those of the pre-recessionary period and reflecting an increase in online job demand for workers in accounting and executive management positions.

  • Business, Finance and Administrative Occupations (up 58 per cent) reached a new high in the history of the Index based on increased demand for workers in administrative and support services and customer service/call centre.

  • Occupations in Art, Culture, Recreation and Sport (up 47 per cent) indicated a hiring surge not seen since Q2 2007, a result of a growing number of positions in arts, entertainment and media as well as sport, recreation and fitness.

  • Sales & Service (up 44 per cent) registered an increase that took it to pre-recessionary levels, indicating acceleration in online job availability for workers in sales, retail and wholesale.

  • Social sciences (up 20 per cent) is the only classification that remains below a baseline level of 100 in the Index but demand increased for workers in education, training and library as well as legal.

  • Healthcare (up 16 per cent) grew eight points in the last quarter but healthcare occupations remained flat compared to the 2008 average job availability index at 102. Growth in the field included positions in business, office and finance; laboratory and pathology services; and, support services.

To view the graph associated with this release, please visit the following link:

http://media3.marketwire.com/docs/TopGrowth.pdf

Provincial Year-over-year Trends: Annual online demand for workers rose in 9 of the 13 provinces and territories in Q1.

  • Ontario (up 59 per cent) and Quebec (up 27 per cent) recorded strong performances YoY, with increased online job opportunities for workers in business, finance and administrative roles; management; and, natural and applied sciences, including computer services and engineering.

  • Saskatchewan (up 44 per cent) and Alberta (up 25 per cent) also made great strides, with the provinces' gains coming from business, finance and administrative jobs; management; and, sales and service.

  • Demand for workers was down in Atlantic Canada compared to a year ago with New Brunswick (down three per cent), Newfoundland (down 20 per cent) and Nova Scotia (down 16 per cent) all registering declines. Looking from Q4 2010 to Q1 2011, however, both Newfoundland and Nova Scotia recorded increases in online job postings.

To view the graph associated with this release, please visit the following link:

http://media3.marketwire.com/docs/TopGrowthProvinces.pdf

City year-over-year Trends: 12 of 13 cities tracked recorded positive annual growth in Q1.

  • Toronto (up 45 per cent) increased for a fourth consecutive quarter, reflecting acceleration in online job demand for workers in management; business, finance and administrative jobs; and, natural and applied sciences.

  • Hamilton (up 51 per cent) recorded accelerated long-term growth with increasing online job demand for management; business, finance and administrative positions; and, trades, transport and equipment operators. Kitchener (up 42 per cent) also showed long-term growth, with increased demand for workers in business, finance and administration; management; and, natural and applied sciences.

  • Regina (up 37 per cent) increased to its highest level since Q3 2008, indicating recovery for the city. The increases were seen in trades, transport and equipment operation; business, finance and administration; and, management.

  • Halifax (down 11 per cent) gained ground compared to last quarter amid increased demand for workers in trades, transportation and equipment operation; sales and service; and, business, finance and administrative roles.

To view the graph associated with this release, please visit the following link:

http://media3.marketwire.com/docs/GrowthCities.pdf

About the Monster Employment Index Canada

The Monster Employment Index Canada is a broad and comprehensive quarterly analysis of Canadian online job demand conducted by Monster Worldwide, Inc. (NYSE:MWW), parent company of the leading global online careers and recruitment resource Monster. As the first national index measuring real-time online job demand, the Monster Employment Index Canada is based on millions of online job postings and data culled from Monster Canada (www.monster.ca), as well as a number of other recruitment Web sites considered representative of employer activity nationwide.

With data collected since April 2005, the Index uses a consistent methodology to track overall online job demand in Canada, providing Canadian labour-market watchers with a forward-looking indicator of employer demand for employees. All of the data and findings in the Monster Employment Index Canada are validated for accuracy through third party auditing conducted by U.S.-based Research America, Inc. Index reports can be accessed and subscribed to free-of-charge online at http://www.about-monster.com/employment-index. The next report of the Monster Employment Index Canada will be released in July 2011. To obtain a full copy of the Monster Employment Index Canada report for the first quarter of 2011, including all charts and tables, or subscribe and have future reports emailed to you on a quarterly basis, please visit http://www.about-monster.com/employment/index/18.

About Monster Canada

Monster Canada (www.monster.ca) is Canada's leading online career resources portal - a bilingual, user-friendly site that is improving the employment and recruitment experience in today's competitive job market. Headquartered in Montreal, Monster Canada is part of Monster, the leading global careers and recruitment resource online. 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 employer products and services, please visit http://hiring.monster.ca.

About Monster Worldwide

Monster Worldwide, Inc. (NYSE:MWW), parent company of Monster(R), 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/.

Special Note: Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995: Except for historical information contained herein, the statements made in this release constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such forward-looking statements involve certain risks and uncertainties, including statements regarding Monster Worldwide, Inc.'s strategic direction, prospects and future results. Certain factors, including factors outside of Monster Worldwide's control, may cause actual results to differ materially from those contained in the forward-looking statements, including economic and other conditions in the markets in which Monster Worldwide operates, risks associated with acquisitions, competition, seasonality and the other risks discussed in Monster Worldwide's Form 10-K and other filings made with the Securities and Exchange Commission, which discussions are incorporated in this release by reference.

To view the photo included with this release, please visit the following link:

http://www.marketwire.com/library/20110425-Monster6.jpg

Contact Information