September Sees Further Decline in UK Online Recruitment, According to the Monster Employment Index
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LONDON--(BUSINESS WIRE)--
September 2008 Index Highlights:
-- The Index dropped below year-earlier levels for the first time
since inception following a fourth consecutive decline in UK
online job availability
-- Sharply reduced recruiting was seen in the banking, finance
and insurance sector while HR fell to a two-and-a-half year
low in the Index
-- Moderate rises were noted in the public, defence, community;
and legal sectors
-- For the second straight month, demand across all occupational
groups declined. Craft and related workers were hit hardest
-- Northern Ireland saw strong regional growth in online hiring.
There was also a moderate rise in the Midlands. Job demand
fell in all other regions
Summary Overview
The Monster Employment Index UK fell by eight points in September to reach a level of 159. This is the fourth consecutive decrease and the first time that the Index has shown a year-on-year decline. The Index is now at its lowest level since April 2007. Hiring fell the most in the environment, architecture and urbanism; and HR sectors but significantly fewer offerings were also noted in banking, finance and insurance. In contrast, there was a moderate increase in public sector, defence and community and legal positions, suggesting government and related hiring is helping offset lessening job demand in the private sector.
The Monster Employment Index Europe is a monthly analysis of millions of online job opportunities culled from a large, representative selection of corporate career sites and job boards across the UK, including Monster.co.uk.
Index results for the past 13 months are as follows:
Sep Aug Jul Jun May Apr Mar Feb Jan Dec Nov Oct Sep 08 08 08 08 08 08 08 08 08 07 07 07 07 ----- ----- ----- ------ ------ ------ ----- ----- --- --- --- --- --- 159 167 174 177 181 179 187 192 160 174 169 160 162 ----- ----- ----- ------ ------ ------ ----- ----- --- --- --- --- ---
Monthly Index reports for Belgium, France, Germany, Italy, the Netherlands, Sweden, the United Kingdom and Europe are available at:
http://corporate.monster.com/Press_Room/MEI_EU.asp.
Source: MONSTER WORLDWIDE
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