Tag Archive | "monster employment index"

Connecting people with job opportunities is our mission at Monster. A big part of that mission is connecting employers with pools of largely untapped talent – like the slew of transitioning veteran talent making their way into our workforce today. One way (among many) we’re helping employers that want to tap into veteran talent is through a new data-driven tool we just unveiled this morning. The Veterans Talent Index is the first of an ongoing series of reports that will highlight both the requirements of today’s employers and the needs of transitioning service members, illuminating the gap that is responsible for the high unemployment rate rampant in today’s veteran population.

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My work across Europe gives me a chance to compare and contrast the strength of different economies and associated job markets. Across Europe, there are mixed feelings as figures show that there are increased job opportunities and employment but still high levels of unemployment in certain regions and age brackets and in particular increases in public sector and not-for-profit job losses.

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Today’s Monster Employment Index (MEI) once again underscores that the recovery is headed in the right direction. I’m particularly pleased that the 13% year over year increase in December marks an 11 month trend of significant annual growth. Many anxious observers, however, would like to see a more rapid acceleration in the recovery. The 8 million jobs lost during the recession won’t be replaced overnight and any expectation that they would is idealistic. Instead, I think we should welcome smart and sustainable recovery in the market.

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Our Monster Employment Index for September shows we’re gaining ground with the 8th consecutive month of year over year growth. No one expected the labor market to bounce back to pre-recession levels immediately so we should all view slower, measured growth as a positive sign that we’re on the right track.

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As we’ve done in the past, today we are releasing the findings of our Monster Employment Index(MEI). Before I get into the hopeful numbers, it’s important to note that the MEI measures intent to hire based on online job demand culled from job postings from a representative selection of corporate career Web sites and job boards, including Monster.com.

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Over the last few years India has witnessed the secular shift from print to online media, leading to exponential growth in the Indian online recruitment. In light of the recent economic downturn, however, there is increased sensitivity and heightened awareness of employment opportunities in the country.

This week’s launch of the Monster Employment Index in India comes at a crucial time, as the job outlook in India continues showing strong signs of economic recovery, providing the market’s most credible reference point for recruitment trends in India.

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There are positive signs in the job market reflected in March’s Monster Employment Index (MEI). We saw a 6% year-over-year (YoY) increase in online recruiting demand in March, the second positive YoY increase in a row. This is a 1% jump from February, which marked the first positive year-over-year increase in 24 months.

Industry Breakdown

The upward trend was broad based across sectors, with growth in industries across the board. There were, however, a few worth mentioning. The real estate, rental, and leasing sector registered one of the steepest growths YoY, but this move upward signifies mostly an improvement from such a deep bottom, with the likely driver being non-real estate rental and leasing activity. Many equipment rental and leasing companies are seeing growth as both corporations and people are renting and leasing equipment, for example, moving trucks to help relocate.

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