Monster Employment Index At a Glance

Index: 143 Monthly Change: Down 7 Year-to-year Change: Down 40 Points Regions Growing: 0 Regions Unchanged: 0 Regions Declining: 9

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 Monster Employment Index Declines in November

November 2008 Index Highlights: • Index drops seven points in November and is now down 22 percent year-over- year, as economic uncertainty and widespread layoffs weigh further on recruitment activity • Public administration remains the Index’s most resilient industry category, although the trend appears to be weakening • Demand in the professional, scientific, and technical services industry continues to wane as slower business activity and lack of financing have reduced hiring activity • Food preparation and serving related occupations registered a slight increase as hotels and restaurants sought to staff up for the holiday season • On an annual basis, only farming; fishing and forestry; and healthcare practitioners and technical maintained positive growth • Demand fell across all major regions of the country with the West South Central still holding up the best • Orlando was the only major U.S. market among the top 28 local markets to see an increase on the month and every market is now down year-over-year Summary Overview The Monster Employment Index fell seven points in November, as further economic uncertainty and workforce reductions continued to weigh on U.S. online recruitment activity. Year-over-year, the Index is now down 22 percent, with U.S. online job availability at its lowest level since 2004. 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®. During November, online job availability rose in just one of the Index’s 20 industry categories and in three of the 23 occupational categories measured. Index results for the past 13 months are as follows: Monster Employment Index - November 2008 [PDF] Source: Monster

December 5 2008, 12:53am | Original Link »

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