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Monster Employment Index U.S. Rises 8% Year-over-Year; Edges up 2% Month-over-Month
NEW YORK--(BUSINESS WIRE)--Monster Worldwide, Inc. (NYSE: MWW):

“Current economic conditions are??driving??hiring growth??at a measured pace across a diverse set of occupations like transportation, personal care and community services, IT and engineering.”

August 2011 Index Highlights:

  • Monster Employment Index U.S. annual growth rate continues to remain positive at 8%
  • Index rises 2% from July, consistent with historical seasonal trends
  • All metro markets tracked by the Index exhibit positive annual growth
  • Commerce-related sectors, retail and wholesale trade continue to exhibit robust growth
  • Public administration and accommodation/ food services register the steepest annual declines

The Monster Employment Index U.S. 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 career Web sites and online job listings. The Index does not reflect the trend of any one advertiser or source, but is an aggregate measure of the change in job listings across the industry.

???The Index exhibited an uptick in August, with increased demand for retail workers in particular, possibly driven by the back-to-school season,??? said Jesse Harriott, senior vice president and chief knowledge officer at Monster Worldwide. ???Current economic conditions are??driving??hiring growth??at a measured pace across a diverse set of occupations like transportation, personal care and community services, IT and engineering.???

Monster Employment Index U.S. results for the past 18 months are as follows:

Mar
10

??

Apr
10

??

May
10

??

Jun
10

??

Jul
10

??

Aug
10

??

Sep
10

??

Oct
10

??

Nov
10

??

Dec
10

??

Jan
11

??

Feb
11

??

Mar
11

??

Apr
11

??

May
11

??

Jun
11

??

Jul
11

??

Aug
11

?? Y-O-Y
125 ?? 133 ?? 134 ?? 141 ?? 138 ?? 136 ?? 138 ?? 136 ?? 134 ?? 130 ?? 122 ?? 129 ?? 136 ?? 145 ?? 143 ?? 146 ?? 144 ?? 147 ?? 8%

Industry Year-over-year Trends: 16 of the 20 industries monitored by the Index showed positive annual growth trends.

  • Transportation and Warehousing (up 27 percent) maintained its second spot amidst sectors, driven by ongoing escalation in demand for workers in logistics, drivers, sales and informatics workers
  • Retail Trade (up 18 percent) and Wholesale Trade (up 18 percent) continued to expand following two consecutive months of retail sales growth, as reported by the Commerce Department for June and July
  • Information (up 19 percent) and Professional, Scientific, and Technical Services (up 16 percent) saw increased demand for computer and mathematical occupations in particular
  • Accommodation and Food Services (down 15 percent) registered the steepest annual decline among sectors in August

Top Growth Industries

Year-over-year Growth ?? Aug

10

?? Aug

11

??

% Growth
Y-o-y

Mining, Quarrying, Oil and Gas Extraction ?? 189 ?? 293 ?? 55%
Transportation and Warehousing ?? 155 ?? 197 ?? 27%
Other Services ?? 183 ?? 221 ?? 21%
Information ?? 80 ?? 95 ?? 19%
Retail Trade ?? 143 ?? 169 ?? 18%

Lowest Growth Industries

Year-over-year Growth ?? Aug

10

?? Aug

11

??

% Growth
Y-o-y

Health Care and Social Assistance ?? 107 ?? 110 ?? 3%
Management of Companies and Enterprises ?? 118 ?? 112 ?? -5%
Arts, Entertainment, and Recreation ?? 41 ?? 37 ?? -10%
Public Administration ?? 190 ?? 163 ?? -14%
Accommodation and Food Services ?? 111 ?? 94 ?? -15%

Occupation Year-over-year Trends: Annual online demand for workers rose in 19 of 23 occupational categories in August.

  • Transportation and material moving (up 26 percent) recorded strong demand in August, as reflected by the broader transportation and warehousing segment
  • Protective Service (down 18 percent) recorded the weakest long-term trend among occupations

Top Growth Occupations

Year-over-year Growth ?? Aug

10

?? Aug

11

??

% Growth
Y-o-y

Personal Care and Service ?? 53 ?? 78 ?? 47%
Architecture and Engineering ?? 88 ?? 112 ?? 27%
Transportation and Material Moving ?? 100 ?? 126 ?? 26%
Installation, Maintenance and Repair ?? 140 ?? 175 ?? 25%
Community and Social Services ?? 188 ?? 227 ?? 21%

Lowest Growth Occupations

Year-over-year Growth ?? Aug

10

?? Aug

11

??

% Growth
Y-o-y

Arts, Design, Entertainment, Sports and Media ?? 95 ?? 94 ?? -1%
Legal ?? 116 ?? 114 ?? -2%
Farming, Fishing, and Forestry ?? 169 ?? 166 ?? -2%
Food Preparation and Serving ?? 115 ?? 101 ?? -12%
Protective Service ?? 83 ?? 68 ?? -18%

Geographic year-over-year Trends: All 28 metro markets recorded positive annual growth in August.

  • Detroit (up 35 percent) continued to remain the top growth metropolitan market by measure of annual gains
  • New York City (up 8 percent) continues to remain amidst the slowest growing markets, with reduced demand for legal and administrative occupations

Top Growth Metro Markets

Year-over-year Growth ?? Aug

10

?? Aug

11

??

% Growth
Y-o-y

Detroit ?? 93 ?? 126 ?? 35%
Cincinnati ?? 78 ?? 103 ?? 32%
Minneapolis ?? 90 ?? 117 ?? 30%
Cleveland ?? 99 ?? 128 ?? 29%
Orlando ?? 54 ?? 69 ?? 28%

Lowest Growth Metro Markets

Year-over-year Growth ?? Aug

10

?? Aug

11

??

% Growth
Y-o-y

Boston ?? 78 ?? 87 ?? 12%
Phoenix ?? 71 ?? 78 ?? 10%
New York City ?? 83 ?? 90 ?? 8%
Miami ?? 73 ?? 79 ?? 8%
Denver ?? 103 ?? 111 ?? 8%

International Trends:

  • Monster Employment Index Europe registered a 21 percent annual growth rate in August. Germany continues to lead all countries in annual growth, at 39 percent. Industrial production and related sectors continue to exhibit strongest growth along with robust annual growth in the telecommunications and engineering sectors
  • Monster Employment Index India recorded a 13 percent increase year-over-year in July, with continued annual growth for the oil and gas; and media/ entertainment sectors. Education recorded the slowest growth in July

To obtain a full copy of the Monster Employment Index U.S. report for August 2011, 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 September 2011 will be released on October 7, 2011.

About the Monster Employment Index U.S.

Launched in April 2004 with data collected since October 2003, the Monster Employment Index U.S. is a broad and comprehensive monthly analysis of U.S. online job demand conducted by Monster Worldwide, Inc. Based on a real-time review of millions of employer job opportunities culled from a large, representative selection of corporate career sites and job boards, including Monster, the Monster Employment Index presents a snapshot of employer online recruitment activity nationwide. All of the data and findings in the Monster Employment Index have been validated for their accuracy through independent, third party auditing conducted periodically by Research America, Inc. The audit validates the accuracy of the national online job recruitment activity measured within a margin of error of +/- 1.05%.

About Monster Worldwide

Monster Worldwide, Inc. (NYSE: MWW), parent company of Monster??, the premier global online employment solution for more than a decade, strives to bring people together to advance their lives. With a local presence in key markets in North America, Europe, and Asia, Monster works for everyone by connecting employers with quality job seekers at all levels and by providing personalized career advice to consumers globally. Through online media sites and services, Monster delivers vast, highly targeted audiences to advertisers. Monster Worldwide is a member of the S&P 500 Index. To learn more about Monster's industry-leading products and services, visit www.monster.com. More information about Monster Worldwide is available at http://about-monster.com/.

Special Note: Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995: Except for historical information contained herein, the statements made in this release constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such forward-looking statements involve certain risks and uncertainties, including statements regarding Monster Worldwide, Inc.'s strategic direction, prospects and future results. Certain factors, including factors outside of Monster Worldwide's control, may cause actual results to differ materially from those contained in the forward- looking statements, including economic and other conditions in the markets in which Monster Worldwide operates, risks associated with acquisitions, competition, and the other risks discussed in Monster Worldwide's Form 10-K and other filings made with the Securities and Exchange Commission, which discussions are incorporated in this release by reference.

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