Year-Over-Year Growth Rate
Continues to Remain Positive in October, According to Monster Employment
Month-Over-Month Growth Eases 1% in
October 2010 Index Highlights:
•Ninth consecutive month of positive
annual growth rate - at 13 percent in October
•All major metropolitan markets tracked
by the Index exhibit positive annual growth
•Trade-related industries –
transportation and warehousing; wholesale trade; and retail trade –
exhibit strong growth trends year-over-year
•Annual growth eases from September
levels for health care and social assistance; and professional,
scientific, and technical services
NEW YORK, November 4, 2010 -
The U.S. Monster Employment Index annual growth rate continued to be
positive with a 13 percent increase year-over-year, although at a slower
rate compared to early summer. The Index dropped two points (1 percent)
on a monthly basis, as online job demand continued to fluctuate within a
two-point margin for the fourth consecutive month.
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
During October, online job availability
rose in 10 of the Index’s 20 industry sectors and in eight of the 23
occupational categories monitored. Index results for the past 13 months
are as follows:
Oct. 10 Sept. 10 Aug. 10 Ju1. 10 Jun. 10
May 10 Apr. 10 Mar. 10 Feb. 10 Jan. 10 Dec. 09 Nov. 09 Oct. 09
136 138 136 138 141 134 133 125 124 114 115
“Despite the contraction in the annual
growth rate, expansion continues in a sustained manner for several large
industries and markets over the long term,” said Jesse Harriott, senior
vice president and chief knowledge officer at Monster Worldwide.
“Conditions also continue to be favorable across the country, with
opportunities rising above the levels they were last year in all major
metro markets monitored by the Index”.
Trade Related Sectors Record Strong
Growth on Annual Basis, While Healthcare and Social Assistance Eases
OOnline recruitment activity rose in 10 and
held steady in three of the 20 industries between September and October.
Compared to year-ago levels, 17 industries are showing positive growth
trends, with majority of the industries recording accelerated growth
Online job demand rose for trade and
related sectors with transportation and warehousing growing to its
highest level this year and recording an accelerated growth rate of 27
percent in October compared to 20 percent in September. This increase
coincides with the Department of Commerce’s latest data on import and
export values, which continue to exhibit year-over-year gains. Online
recruitment activity also expanded for the wholesale trade and retail
trade sectors, with annual growth accelerating to 12 percent and 13
percent respectively. Apart from retail trade, consumer-driven sectors
such as accommodation and food services; and arts, entertainment, and
recreation were relatively stable over the longer term.
Meanwhile, in contrast to the general trend
recorded this year, health care and social assistance edged down in
October with the 12-month growth rate for the sector easing to 11
percent in October from 25 percent in September. However, the long-term
trend still continues to remain positive aligning with payroll data that
shows the sector expanding by more than 25,000 workers on a monthly
basis so far in 2010. Professional, scientific, and technical services
also eased on an annual basis at 18 percent in October from 20 percent
Legal; and Transportation and Material
Moving Occupations Register Largest Gains on Annual Basis in October
Overall online demand for workers rose in
eight and remained flat in one of the 23 occupational categories in
Among occupations, year-over-year demand
trends moved upward for legal and computer-related professionals, as
exhibited by the annual growth in the broader information; and finance
and insurance industries. Online job demand was relatively tempered for
most other white-collar occupations.
In contrast, personal care and service; and
food preparation and serving related occupations recorded a slowdown in
annual growth rate as reflected by the slowdown in the larger
accommodation and food services industry.
Online Job Availability Increases in One
U.S. Census Bureau Region in October on Monthly Basis; Arizona Records
Highest Annual Growth amongst States
During October, online job availability
expanded in one of the nine U.S. Census divisions on a monthly basis.
Long-term growth held steady at 18 percent for West North Central, which
is now the top growth region from an annual perspective, while all
others registered moderation in annual growth rates. Year-over-year
change was mildest in South Atlantic.
Among the 50 states and the District, 16
registered increased online job opportunities in October. In line with
September’s trends, the fastest annual growth rates continued to be
recorded in central U.S.A. Among the most populous states, New York
maintained a relatively rapid 17 percent annual growth pace in October.
In contrast, the District of Columbia was the only location to register
an annual decline.
Thirteen of 28 Major U.S. Metro Markets
Monitored By the Index Rise Month-over-Month; All 28 Metro Markets Up
Portland’s annual month growth rate
accelerated to 32 percent, reflecting a substantial improvement in the
long-term trend relative to previous months due to notable increase in
demand for transportation and material moving; IT; arts, design,
entertainment, sports, and media; and management occupations.
Boston registered the most substantial
acceleration in long-term growth rate (30 percent year-over-year in
October from 19 percent in September) due to notable improvement in
annual growth rate for sales; office and administrative support; and
legal occupations. Transportation and material moving; production, and
most white-collar occupational categories outside of the sciences also
exhibited relatively strong year-over-year growth in this market.
In contrast, Baltimore registered the
largest slowdown in annual growth easing to 11 percent in October from
18 percent in September. Annual growth trends for white-collar
occupations were relatively weak, apart from occupations related to
life, physical and social sciences, and demand levels still remain well
below their respective baselines.
To obtain a full copy of the Monster
Employment Index report for October 2010, and to access current
individual data charts for each of the 28 metro markets tracked, please
visit http://about-monster.com/employment-index. Data for the month of
Novembebr 2010 will be released on December 2, 2010.
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