Monster’s employment indices for July suggest that levels of online recruitment activity are beginning to stabilise in the UK and parts of western Europe. The UK index held steady at 110, while the European index declined by a single point to 101.
Apart from a modest one-off increase in February, the UK index has now remained relatively static for the whole of 2009 to date, shifting not more than a couple of points in either direction from month to month. The hope is that the sharp decline experienced in the latter part of last year has now bottomed out.
July saw increased activity in sectors such as transport, post & logistics and production/manufacturing/maintenance/repair, while legal and healthcare/social work also rebounded strongly. More modest increases were experienced in sales, the public sector, HR, engineering and arts/entertainment/sports/leisure, with even construction & extraction managing to put on a couple of points. At the opposite end of the scale, demand in the management & consulting category fell away by nineteen points.
The regional picture was mixed: Northern Ireland proved to be the best performer, four points ahead for the month, while Scotland, the North, the Midlands, London and the South East all registered more modest gains. East Anglia, Wales and the South West experienced declines of three, four and six points respectively.
“It is encouraging that overall online job demand has stabilised and that recruiting in the goods-producing sector is picking up, but there is still little indication that hiring has resumed in the much larger service sector,” commented Hugo Sellert, Monster Worldwide’s head of economic research. “The UK economy’s sustained contraction in the second quarter means labour market conditions will remain challenging in the foreseeable future. Competition for top talent is still fierce, however, as companies seek to attract the most qualified workers from the growing pool of unemployed workers.”
In Europe, online job demand eased for the fifth successive month, although the overall rate of decline has slowed to a trickle. But the headline figure masks contrasting performances from some of the leading economies. Demand in France, Italy and Belgium advanced by six, five and four points respectively, while the Netherlands also edged into positive territory with a single-point rise. The UK remained unchanged, but Germany saw a two-point fall while Sweden registered an eight-point drop.
“The continued slowdown in EU recruitment activity at the onset of the third quarter shows that recent improvements in overall economic sentiment have yet to boost job-creation among European companies,” added Hugo. “Germany, where hiring started to cool at a relatively late stage of the downturn, is now weighing heavily on the Index, while demand appears to have stabilised in other major markets such as France, the Netherlands and the UK.”










