Monster Employment Index Shows Rise in Online Job Demand
in June, Marking Sixth Consecutive Month of Growth
NEW YORK--(BUSINESS WIRE)--July 1, 2004--Monster
Worldwide, Inc. (NASDAQ: MNST)
Increased Online Demand for Workers with
Experience in Healthcare, Education & Training, Life &
Social Sciences, and Arts, Design, Entertainment,
Sports and Media
Industries with Greatest Increase in
Online Job Availability Include Finance & Insurance,
Professional/Scientific & Technical Services,
Agriculture, Construction, and Transportation
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Jeff Taylor, Monster
Source: Yale Herald
Courtesey Jeff Taylor |
Demand for workers and related online job recruitment
activity across the United States increased in June,
according to the Monster Employment Index, marking six
consecutive months of growth in 2004. The Monster
Employment Index is a broad and comprehensive monthly
analysis of U.S. online job demand conducted by Monster
Worldwide, Inc. (NASDAQ: MNST), the parent company of
the leading global online careers property, Monster(R).
The June findings of the Monster Employment Index
report that most industries experienced moderate growth
in online job availability, with sharp upward trends
occurring within the finance & insurance, professional &
technical services, agriculture & forestry, construction,
and transportation & warehousing industries. Overall,
the Index rose to 136 in June from 128 in May. Results
for the first six months of 2004 are as follows:
----------------------------------------------------------------------
June May April March February January
----------------------------------------------------------------------
136 128 125 109 107 102
----------------------------------------------------------------------
During June, occupational categories with the largest
increase in job availability included life & social
sciences, art & design, healthcare practitioners,
education & training, and healthcare support. Online job
availability for blue-collar/hourly job categories was
generally flat in June with moderate declines occurring
within building/grounds maintenance, food preparation &
serving, construction, and installation/maintenance &
repair positions.
According to the Index, regional demand for workers
also increased across nearly every region of the United
States, except the West South Central region, which
includes Texas, Oklahoma, Arkansas and Louisiana. The
New England region posted the greatest rise from May to
June, driven largely by the state of Rhode Island. With
respect to individual states, Wyoming, Iowa, Nebraska,
and Wisconsin showed the largest increases in demand
over the past month, while South Dakota, Texas and
Missouri saw minor decreases in demand between May and
June. As in May, California continued to lead the nation
with the largest number of job opportunities online in
June.
"The Monster Employment Index showed a solid rise in
online job demand for the month of June and continued
the steady upward growth trend that began back in
January," said Jeff Taylor, Founder and Chief Monster. "Looking
back over the past few months of data, we see a strong
five-month growth trend in finance and insurance, as
well as a series of significant three-month growth
trends in healthcare, education, real estate,
professional/scientific, and accommodation/food service.
In addition, as we might have expected, we have seen a
sharp decline over the past two months in online job
demand in the retail space, potentially due to a
seasonal hiring slowdown. With respect to demand for
specific occupations, we have seen a three-month rise in
a number of professional occupations, including
management, architecture and engineering, scientific,
education and media."
Mr. Taylor continued, "Since January, online job
demand has increased across a broad range of industries
and throughout most of the country's regions, with
vertical industry market leaders driving the bulk of the
growth. In addition, the Index indicates an up-tick in
hiring activity across companies of every size, although
it's interesting to note that the sharpest increases in
June took place within medium-sized companies."
Top Five Industries Looking for Employees in June
During the month of June, the Monster Employment
Index shows an increase in online job demand across most
U.S. industries and across a broad range of occupations.
The healthcare industry continued to offer the greatest
online job availability overall and registered a slight
increase in June. Other industries showing the greatest
increase in job availability in June included:
Industries June May April March
----------------------------------------------------------------------
Agriculture, Forestry, Fishing & Hunting 120 101 87 102
----------------------------------------------------------------------
Professional, Scientific & Technical
Services 135 118 126 93
----------------------------------------------------------------------
Finance & Insurance 142 132 125 112
----------------------------------------------------------------------
Construction 109 101 103 107
----------------------------------------------------------------------
Transportation and Warehousing 122 116 110 112
----------------------------------------------------------------------
Most Wanted Occupational Experience
Online job availability increased moderately across
most occupational categories tracked by the Monster
Employment Index during June, with the largest increase
in demand for workers seen in life & social sciences,
healthcare practitioners, education & training,
healthcare support, and arts, design, entertainment,
sports and media.
Occupations June May April March
----------------------------------------------------------------------
Life, Physical and Social Sciences 141 122 117 113
----------------------------------------------------------------------
Arts, Design, Entertainment, Sports &
Media 147 135 138 116
----------------------------------------------------------------------
Healthcare Practitioners & Technical 100 92 96 89
----------------------------------------------------------------------
Education, Training & Library 146 136 124 113
----------------------------------------------------------------------
Healthcare Support 105 98 97 86
----------------------------------------------------------------------
Online Job Recruitment Increases Across the Country
June data also revealed a modest upward trend in
nearly all U.S. Census regions for job opportunities
posted online, except the West South Central region. The
greatest increase in online job availability occurred
within the New England region. Key U.S. Census regions
measured by the Index saw the following growth, and in
one instance a decrease, from May to June:
----------------------------------------------------------------------
U.S. Census Regions June May April March
----------------------------------------------------------------------
New England 154 145 141 112
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South Atlantic 131 124 121 108
----------------------------------------------------------------------
Mountain 161 154 145 115
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East South Central 139 133 127 113
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East North Central 133 128 126 112
----------------------------------------------------------------------
Pacific 147 140 129 112
----------------------------------------------------------------------
Mid-Atlantic 135 131 125 111
----------------------------------------------------------------------
West North Central 133 130 128 109
----------------------------------------------------------------------
West South Central 132 134 136 115
----------------------------------------------------------------------
Based on a real-time review of millions of employer
job opportunities culled from more than 1,500 Web sites,
including a variety of corporate career sites, job
boards and Monster, the Monster Employment Index
presents a snapshot of employer online recruitment
activity nationwide. The Index counts job postings as an
indicator of employer demand for employees or, in other
words, job availability. Job postings are online
advertisements placed by an employer looking to fill one
or more vacant job positions.
All of the data and findings in the Monster
Employment Index have been validated for accuracy
through independent, third party auditing conducted on a
monthly basis by ARC Research, a Cranford, New
Jersey-based provider of innovative click and brick
market research solutions. The audit validates the
accuracy of the online job recruitment activity measured
for the last six months within a margin of error of +/-
1.05%.
Additional information on the Monster Employment
Index is available online at
http://eIndex.monsterworldwide.com.
The Monster Employment Index will report results monthly.
Data for July will be released on August 5, 2004.
About Monster Worldwide
Founded in 1967, Monster Worldwide, Inc. is the
parent company of Monster(R), the leading global online
careers property. The company also owns TMP Worldwide,
the world's largest Yellow Pages advertising agency and
one of the world's largest Recruitment Advertising
agency networks. TMP Worldwide is also a provider of
direct marketing services. Headquartered in New York
with approximately 4,600 employees in 26 countries,
Monster Worldwide (NASDAQ: MNST) is a member of the S&P
500 Index. More information about Monster Worldwide is
available at www.monsterworldwide.com.
Celebrating its 10-year anniversary, Monster is the
leading global online careers property. A division of
Monster Worldwide, Monster works for everyone by
connecting quality job seekers at all levels with
leading employers across all industries. Founded in 1994
and headquartered in Maynard, Mass., Monster has 22
local language and content sites in 20 countries
worldwide. Monster is the official online career
management services sponsor of the 2004 U.S. Olympic
Team. More information is available at
www.monster.com
or by calling 1-800-MONSTER. To learn more about
Monster's industry-leading employer products and
services, please visit
http://recruiter.monster.com.
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