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Online Recruitment Rebounds Slightly in the UK in October, According to the Monster Employment Index

October 2008 Index Highlights:
• The Index showed modest growth to rebound from a four month decline. Online job availability in the UK is now one percent higher than year-earlier levels
• Demand surged in the healthcare and education sectors. Moderate increases were also seen in finance and engineering
• By contrast, hiring fell sharply in the architecture, construction and HR sectors
• Among occupational groups, demand for craft and related workers jumped while offerings for service workers and shop and market sales workers dropped
• Regionally, Wales saw the highest monthly and annual growth rates. Northern Ireland fell back the most

Summary Overview
The Monster Employment Index UK increased by two points in October to reach a level of 161, indicating unexpected resilience in the jobs market following the recent financial turmoil. The upturn halted a fourth month decline and the Index is once again showing an annual increase after registering the first year-on-year decline on record in September. Online job availability rose most in the healthcare, social work; and education, training and library sectors and there were moderate increases in offerings in banking, finance and insurance; and engineering. In contrast, there was a marked decline in demand for workers in environment, architecture and urbanism; construction and extraction; and HR.

Monster Employment Index UK
Monster Employment Index UK

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.

Monster Employment Index UK results for the past 13 months are as follows:

Oct

08

Sep

08

Aug

08

Jul

08

Jun

08

May

08

Apr

08

Mar

08

Feb

08

Jan

08

Dec

07

Nov

07

Oct

07

161

159

167

174

177

181

179

187

192

160

174

169

160

“Although the recent financial crisis adds uncertainty to an already weak economic outlook and job offerings in some sectors are declining significantly, the October Index also shows areas of sustained high demand such as engineering, education and healthcare,” commented Hugo Sellert, Head of Economic Research, Monster Worldwide.

Demand for healthcare, social work; and education, training and library workers rockets
Online hiring in the healthcare, social work sector surged by 54 points in October as opportunities bounced back dramatically from a dip in September. This growth was principally driven by increased demand for professionals. Regionally, Wales saw the biggest upturn in job availability following two months of decline. Demand rose in Scotland for the second consecutive month. In contrast, opportunities dipped in Northern Ireland. Year-on-year growth was 73 points, or a remarkable 40 percent.

There was also a sharp increase in online job vacancies in the education, training and library sector in October, following two straight months of decline. The sector grew by 50 points as demand rose notably for both professionals; and technicians and associate professionals. There were major regional increases in Wales, Scotland and the South East, whilst only Northern Ireland saw fewer opportunities than last month. Year-on-year, demand rose 51 points, or 31 percent.

Contrastingly, there was a marked downturn in hiring in the environment, architecture and urbanism sector for the second consecutive month, likely as a consequence of the troubled real estate industry. This decline was led by reduced demand for both professionals; and technicians and associate professionals for the second month in a row. Regionally, Northern Ireland registered the sharpest fall, while the largest growth was seen in the South West. Year-on-year, the category declined 57 points, or 28 percent.

Job availability for craft and related workers bounces back
Online job availability for craft and related workers bounced back strongly in October following four successive monthly dips. This increase was largely due to higher demand within the construction and extraction sector. Regionally, Wales and the South West saw the strongest upturns, while opportunities in London declined for the second consecutive month. Year-on-year, the category was down 53 points, or 21 percent.

There was also a significant rise in demand for skilled agricultural and fishery workers after three months of decline. This upturn was driven by higher demand in the agriculture, fishing and forestry sector. Notable increases were seen across all regions, led by the South West and Wales. Year-on-year, the category was up 38 points, or 25 percent, the highest among occupational groups.

Demand for service workers and shop and market sales workers dipped again for the third month in a row after peaking in July. There were major declines in the public sector, defence, community; and arts, entertainment, sports, leisure sectors. Of the regions, London, East Anglia and the South West declined for the fourth successive month. Hiring rose in Wales, Northern Ireland and Scotland. Year-on-year, the region was down 41 points, or 29%, one of the steepest after plant and machine operators and assemblers.

Wales leads regional hiring growth in October
Wales experienced significant growth in online hiring in October, reversing a sizeable dip in September. There were major increases in the banking, finance, insurance; education, training and library; and healthcare, social work sectors. In contrast, job availability in the engineering; environment, architecture and urbanism; and arts, entertainment, sports, leisure sectors dipped for the second continued month. Among occupational groups, demand rose most for skilled agricultural and fishery workers; and craft and related workers. Year-on-year growth for the region was 48 points, or 23%, the highest among regions.

Online job availability in East Anglia showed some recovery in October after two months of weakened demand. Hiring increased most in the education, training and library; and healthcare, social work sectors. Opportunities in the banking, finance, insurance sector also showed some recovery after a month of lower demand. Among occupational groups, the biggest increase was for legislators, senior officials and managers, while online positions dipped most for elementary occupations workers. Year-on-year, demand in the region dipped 11 points, or 7%.

In contrast, there was a significant downturn in job availability in Northern Ireland in October, following strong growth in September. Opportunities in the environment, architecture and urbanism sector showed the sharpest decrease. Despite the fall, online hiring showed some recovery in the banking, finance, insurance; and hospitality and tourism sectors after two months of lower demand. Among occupational groups, opportunities for professionals dropped the most. Year-on-year growth was 10 points, or 7%.

Top Industries Looking for Employees
Industries showing the greatest rate of increase in online job availability included:

Industry

Oct

08

Sep

08

Aug

08

Healthcare, social work

255

201

226

Education, training and library

217

167

185

Banking, finance, insurance

173

158

168

Administrative, organisation

178

173

184

Engineering

202

197

203

Most Wanted Occupational Categories
Occupational categories registering most significant increases in online job demand included:

Occupation

Oct

08

Sep

08

Aug

08

Craft  and related workers

204

176

205

Skilled agricultural and fishery workers

191

167

196

Professionals

172

164

173

Legislators, senior officials and managers

151

145

158

Monster Employment Index UK findings across industry sectors for the past 13 months are as follows:

Industry

Oct

08

Sep

08

Aug 08

Jul

08

Jun

08

May

08

Apr

08

Mar

08

Feb

08

Jan

08

Dec

07

Nov

07

Oct

07

Accounting, audit, taxes

121

123

123

132

145

137

128

131

142

118

122

111

113

Administrative, organisation

178

173

184

182

203

204

220

212

220

182

199

192

204

Arts, entertainment, sports, leisure

178

175

185

180

197

198

194

201

191

182

201

195

163

Banking, finance, insurance

173

158

168

165

162

166

189

178

168

152

178

157

177

Construction and extraction

125

134

156

152

157

167

155

179

174

156

161

176

163

Education, training and library

217

167

185

220

204

188

162

180

195

167

192

192

166

Engineering

202

197

203

205

197

211

199

218

206

166

180

177

161

Environment, architecture and urbanism

146

180

219

196

219

232

217

252

235

195

218

203

203

Healthcare, social work

255

201

226

213

182

168

140

185

202

156

176

196

182

Hospitality and tourism

165

162

178

223

200

172

158

141

148

130

133

139

144

HR

127

131

162

173

193

188

175

198

233

193

201

196

189

IT

108

110

108

116

120

126

130

138

150

130

127

125

114

Legal

183

186

179

176

221

232

220

234

196

204

229

210

185

Management and consulting

196

207

204

219

240

236

215

235

242

200

192

184

178

Marketing, PR and media

204

199

207

208

204

232

223

238

241

209

221

198

185

Production, manufacturing, maintenance, Repair

109

110

111

119

124

117

110

115

121

114

109

112

107

Public sector, defence, community

108

113

105

97

101

104

97

108

109

98

102

107

102

Research and development

146

143

147

152

160

156

154

171

181

146

143

136

134

Sales

133

133

137

147

142

149

153

156

158

129

142

141

136

Telecommunications

92

92

99

96

98

106

115

122

112

110

120

134

122

Transport, post  and logistics

136

140

146

160

180

172

160

158

159

136

149

140

139


Monster Employment Index UK findings across occupational categories for the past 13 months are as follows:

Occupation

Oct

08

Sep

08

Aug 08

Jul

08

Jun

08

May

08

Apr

08

Mar

08

Feb

08

Jan

08

Dec

07

Nov

07

Oct

07

Legislators, senior officials and managers

151

145

158

162

157

164

161

167

161

133

148

148

142

Professionals

172

164

173

180

182

191

188

201

202

173

185

178

165

Technicians and associate professionals

153

158

160

162

168

167

170

173

175

150

165

150

153

Clerks

135

135

141

147

165

166

159

164

172

141

146

158

148

Service workers and shop and market sales workers

102

119

126

165

161

139

142

162

155

132

145

147

143

Skilled agricultural and fishery workers

191

167

196

202

230

220

195

208

197

199

160

190

153

Craft  and related workers

204

176

205

246

275

307

273

307

322

299

292

294

257

Plant and machine operators and assemblers

88

95

107

121

127

122

109

123

129

113

114

161

129

Elementary occupations

98

104

106

124

101

100

100

100

94

119

121

89

88

Monster Employment Index UK findings across UK regions for the past 13 months are as follows:

Region

Oct

08

Sep

08

Aug 08

Jul

08

Jun

08

May

08

Apr

08

Mar

08

Feb

08

Jan

08

Dec

07

Nov

07

Oct 07

Midlands

165

163

162

182

189

186

180

197

209

168

183

177

172

North England

177

179

181

190

194

202

196

199

210

168

187

183

171

London

128

131

135

141

145

146

147

152

155

142

147

146

140

South East

128

126

132

132

133

135

134

137

137

126

132

132

127

South West

276

260

265

273

287

290

291

301

308

264

286

264

250

Wales

257

217

238

237

234

245

241

266

273

231

232

207

209

Scotland

149

149

154

172

167

175

177

197

187

147

160

142

146

East Anglia

148

131

150

155

153

155

147

185

193

164

172

163

159

Northern Ireland

147

185

160

184

164

147

163

173

175

149

166

135

137

Monster Employment Index UK for November will be released on December 9, 2008.

About The Monster Employment Index UK
Providing a broad, comprehensive monthly analysis of online job demand, the Monster Employment Index UK is an extension of the Monster Employment Index Europe, which is compiled each month by researchers at Monster Worldwide Europe.

Launched in June 2005, the Monster Employment Index Europe provides monthly insight into recruitment trends across the European Union.  The Index report is based on a real-time review of millions of employer job opportunities culled from Web sites across Europe, including Monster®. The Index is audited by Research America, Inc. and provides analyses of online job demand within occupational categories, industry sectors and regions.

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.

About Monster Worldwide
Monster Worldwide, Inc. (NASDAQ: MNST), parent company of Monster, the premier global online employment solution for more than a decade, strives to inspire people to improve 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 and the NASDAQ 100. To learn more about Monster's industry-leading products and services, visit www.monster.com. More information about Monster Worldwide is available at http://corporate.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, seasonality and the other risks discussed in Monster Worldwide's Form 10-K/A and other filings made with the Securities and Exchange Commission, which discussions are incorporated in this release by reference.

CONTACTS:
Charlie Meredith-Hardy
Weber Shandwick
+44 (0)20 7067 0500
cmeredith-hardy@webershandwick.com