June 2009 Index Highlights
- Index fell by one point reflecting seasonal lull in U.S. online recruitment activity
- Year-over-year growth rate showed slight improvement from previous two months
- Real estate, rental and leasing registered strongest monthly rises in online job availability among industries amid signs of stabilization in the housing market
- Among occupations, legal and protective services led all categories in June while demand eased further for technically skilled professionals
Summary Overview
The Monster Employment Index slipped one point or one percent in June as online job opportunities fell modestly, largely in line with seasonal expectations. Year-over-year, the Index was down 28 percent, somewhat of an improvement from April and May’s annual pace of decline.
“While U.S. online job availability has remained largely flat since January, the annual pace improved during the second quarter, suggesting some expansion in underlying employer demand for workers,” said Jesse Harriott, Vice President of Research at Monster Worldwide.“Still, current levels of online job vacancies are their lowest since January 2005, illustrating the extent to which hiring has slowed during this recession.”
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MEI Local Reports
In addition to national, industry, occupation and regional data, the Monster Employment Index presents a snapshot of employer online recruitment activity in the 28 largest U.S. metro markets in terms of working population. The local results are broken down by occupation and are published at the same time as the national Index. Use the links below to see specific local market findings from the Index:
About the Monster Employment Index
Launched in April 2004 with data collected since October 2003, the Monster Employment Index 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 online career outlets, including Monster®, the Monster Employment Index presents a snapshot of employer online recruitment activity nationwide. The Monster Employment Index’s underlying data is validated for accuracy by Research America, Inc. – an independent, third-party auditing firm – to ensure that measured online job recruitment activity is within a margin of error of +/- 1.05%. Data for the month of July will be released on August 6, 2009.