European Online Recruitment Increases 26 Percent Year-over-Year; Most Rapid Pace During Current Cycle, Reports Monster Employment Index

March 2011 Index Highlights:

• The Monster Employment Index Europe records 26 percent year-over-year growth, the most rapid pace seen during the current economic cycle

• Industrial production related sectors lead the Index in annual growth in March with a 64 percent rise in production, manufacturing, maintenance and repair

• Financial services sector notes positive recruitment trends in March, growing five percent on an annual basis

• Arts, entertainment, sports, leisure continues to decline and remains the only sector to chart a substantial year-over-year decline

• Germany continues to lead all countries in annual growth, at 45 percent

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 Europe, including Monster.

“Manufacturing and exports remain a key driver of recruitment across the continent, highlighted through strong growth within industry-related sectors in this month’s Index,” commented Alan Townsend, Vice President of Business Operations at Monster Europe. “In contrast, it is still very apparent that household and government spending trends are continuing to weigh on recruitment activity across the arts and public sector industries, while business and professional services mainly trend higher.”

Industry Year-over-year Trends: 22 of the 24 industry sectors monitored by the Index between February and March showed positive annual growth trends.

• Production, manufacturing, maintenance, repair (up 64 percent) continued to lead all sectors in the Index, with upward trends in recruitment for this sector most apparent in Germany as well as Italy and Netherlands

• Accounting, audit, taxes (up 14 percent), one of the more moderate trending sectors during the economic recovery, registered a substantial rise in online recruitment levels in March

• Banking, finance, insurance (up five percent) exhibited some gains in online demand, contrasting with its one percent increase in February, reflecting positive sector recruitment developments across a number of countries, including Belgium, France, Italy, and Netherlands

• Engineering (up 42 percent) charted further rise in annual growth, reflecting an increasingly competitive hiring climate for technically advanced professionals as industrial production and design activity across Europe continued to grow

• Arts, entertainment, sports, leisure (down 20 percent) was the only sector to register an annual decline in the Index; combined with slowed annual growth for Sales (up seven percent), suggesting household discretionary spend remains limited

Top Growth Industries

Lowest Growth Industries

Occupation Year-over-year Trends: All nine occupational groups monitored by the Index registered positive growth.

• Plant and machine operators and assemblers (up 61 percent) led all occupational groups in annual growth in March, aligned with trends seen in the Production, manufacturing, maintenance, repair sector, the group’s largest employer

• Elementary occupations (up 47 percent) registered a steep acceleration in annual growth rate, indicating an upswing in underlying drivers for entry-level and lower-skilled job openings across the region

• Service and sales workers (up 34 percent) continued to exhibit over 30 percent annual growth despite moderating growth trends in the retail segment

Top Growth Occupations

Lowest Growth Occupations

Country Highlights:

• Belgium: Belgium recorded a positive annual growth rate of 18 percent. Public sector, defence and community exhibited further gains on the month while Banking, finance, insurance charted the most substantial upward swing in annual growth compared to February rates. The Flemish region continued to lead all regions in terms of annual growth.

• France: The Monster Employment Index France year-over-year accelerated to 21 percent, from 19 percent in February. Research and development was the top performing industry sector in terms of annual growth while recovery in the financial sector was strong. Regionally Ile de France noted the strongest annual climb; opportunities were up 30 percent.

• Germany: Germany remained among the top trending European countries by measure of annual growth, at 45 percent. Transport, post and logistics noted the sharpest annual increase; opportunities were up 115 percent. Baden-Württemberg also grew 66 percent year-over-year and reported its highest March level since 2008.

• Italy: Italy recorded continued positive year-over-year growth in online recruitment activity, registering annual gains of 15 percent in March. Marketing, PR and media registered the greatest rise across industry sectors in online job demand, with an increase of 55 percent year-over-year, while government-funded industry sectors such as education, healthcare, public sector and urbanism remained sluggish compared to activity observed a year ago.

• Netherlands: The Monster Employment Index Netherlands exhibited accelerated annual growth in March, with year-over-year gains of eight percent. Transport, post and logistics led all industries with annual growth at 43 percent. Improved recruitment trends across Banking, finance, insurance, and Accounting, audit, taxes also suggested some improvement in hiring and job creation rates for the overall financial service segment.

• Sweden: Sweden recorded an annual growth rate of 22 percent in March. Banking, finance, insurance was a key growth driver in the March Index and maintained relatively robust annual gain. Engineering and IT continued to exhibit the most rapid rates of annual growth in the Index while Hospitality and tourism momentum dissipated, with annual growth going flat in March.

• UK: Online job opportunities in the UK remained positive as March saw an increase of nine percent year-over-year. The demand for skilled craft and tradesmen grew by 24 per cent year-over-year and four per cent on the month. Technical sectors were the strongest performers in online recruitment; engineering’s annual growth rate accelerated, while IT and Research and development maintained robust gains. Banking and the Public sector also saw the biggest decline in opportunities in March, declining seven and six percent respectively on the year.

Top Growth Countries

Lowest Growth Countries

International Trends:

• Monster Employment Index US annual growth rate accelerated to nine percent in March, marking fourteenth month of consecutive year-over-year growth. Mining, quarrying, oil and gas extraction, and utilities continue to lead the Index on an annual basis with an increase of 68 percent and 35 percent respectively, while all US metro markets monitored by the Index continued to record positive year-over-year growth.

• Monster Employment Index India continued to record double-digit annual growth rate at 16 percent in March, with year-over-year trends remaining positive for the sixth consecutive month. Strong demand was recorded in the Petroleum, Oil and Gas industry while Mumbai recorded strongest growth amidst the large metro markets.

To obtain a full copy of the Monster Employment Index report for March 2011, and to access current individual data charts for each of the seven European markets tracked, please visit http://about-monster.com/employment/index/17. Data for the month of April 2011 will be released on May 10, 2011.

By Industry

By Occupation

By Region

About The Monster Employment Index Europe
The Monster Employment Index Europe provides monthly insight into online recruitment trends across the European Union. Launched in June 2005 with data from December 2004, the Index is based on a 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’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%.

The Index monitors online job opportunities across all European Union member countries.

The monthly reports for Belgium, France, Germany, Italy, the Netherlands, Sweden, the United Kingdom and Europe are available at: http://about-monster.com/employment/index/17.

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 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. 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.

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