"The Monster Employment Index's rise in October is an encouraging sign of continued stability in nationwide employer demand for workers, despite a moderating U.S. economy and the turmoil caused by the housing and credit markets," said Steve Pogorzelski, Executive Vice President, Global Sales and Customer Development at Monster Worldwide. "With the unemployment rate still hovering below five percent, the labor market remains historically tight with shortages of highly skilled workers driving much of the current online recruiting efforts."
Industries Registering Strong Increases in October Include Public Administration; Utilities; and Management of Companies and Enterprisesb
Among industries, the public administration category registered the sharpest rate of increase in online job availability during October, jumping 29 points, or 19 percent - the category's largest jump since the inception of the Index. The rise was primarily due to expanded online opportunities within the federal government.
Online job demand in the utilities industry also jumped, gaining 14 points amid stronger seasonal demand from utilities likely looking to expand their staffing in advance of the colder winter season. Opportunities in the management of companies and enterprises category rose as well, edging up six points, indicating no significant impact on corporate hiring as of yet, due to recent turmoil in the financial market.
In contrast, online demand for transportation and warehousing posted the largest decline, falling eight points on the month. Demand for workers in the education services industry dipped, reflecting a more moderate level of recruitment activity after the sharp increase experienced ahead of the fall semester.
Arts, entertainment and recreation also showed a decrease, leaving the category mostly flat from a year ago and indicating softer hiring in the industry. Construction; and real estate and rental and leasing - two categories with close ties to the slumping housing sector - also declined in October.
Seven of Nine U.S. Census Bureau Regions Show Increased Online Job Availability in October
Seven of the nine U.S. Census Bureau regions tracked by the Index saw online job availability expand in October, with New England registering the highest rate of increase on the month, driven by strong increases in Vermont and Rhode Island and continued growth in Massachusetts.
On a year-over-year basis, the West South Central remains the Index's top growth region, while the Mountain and Pacific regions remain the slowest growing. Among the 50 U.S. states and the District of Columbia, 37 states edged higher in October. New Mexico is now the Index's top growth state on a year-over-year basis.
Online Recruitment Activity Increases in 12 of the top 28 U.S. Markets in October
Among the top 28 U.S. cities tracked by the Index, online opportunities expanded the most in Cincinnati, Kansas City and Cleveland last month, fueled by greater demand for office and administrative support; and management occupations. In contrast, Miami and Orlando dipped the most, mostly due to fewer online job offers in construction, transportation and the sciences. Online job demand increased in a total of 12 metro markets in October, while 14 registered declines and two were unchanged.
From a year-over-year perspective, 19 of the 28 markets are showing greater online job availability, while eight have decreased and one remains flat. St. Louis replaced Houston as the Index's top growth market on an annual basis, spurred largely by increased demand for workers in management, education and healthcare occupations. Pittsburgh and Seattle also moved ahead of Houston.
At the opposite end of the spectrum, California, Florida and the Washington, D.C. area are now home to the eight Index markets showing lower online job availability compared to a year ago, which is likely due in part to weaker demand in the housing related occupational categories in those metro areas.
