Tuesday, April 08, 2008

Monster Employment Index Up +31% in Europe

The Monster Index Europe rose 5 points in March, leaving online job availability 31% higher than a year ago, indicating continued robust employer demand for labor across the European Union

"EU online recruitment activity picked up further pace in March, driven primarily by strong demand for technically skilled workers in areas such as architecture, engineering and manufacturing," said Hugo Sellert, Head of Economic Research, Monster Worldwide. "The underlying strengthening in demand has by and large been fuelled by Germany, Europe's largest economy, whose job market appears to have been gaining momentum in spite of concerns about slowing economic growth."

"Unemployment rates across the European Union have continued falling largely because employment is growing at a higher pace than the workforce," added Sellert. "The tightening labour market has resulted in ever more challenging recruitment conditions and the scarcity of qualified workers is likely adding to the availability of unfilled jobs."


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