Tuesday, December 14, 2010

Nov. Monster Employment Index Europe Up by 22%

From Monster Europe: "Online job demand remains elevated in comparison to the levels seen a year earlier. This, coupled with rising business and consumer confidence, as well as economic confidence, suggests that the overall hiring atmosphere across Europe is generally positive. Manufacturing and export activity across Europe continues to be a key driver in the rising levels of job opportunities across the continent, with both sectors reporting substantial growth over the past 12 months.

“Following significant growth over the past 10 months, recruitment activity held steady in November, with a number of sectors noting a typical slowdown in hiring as we approach the end of the year,” commented Andrea Bertone, head of Monster Europe. “Annual growth trends are still robust among most sectors, with production and exports continuing to lead the way. In addition, Europe’s largest economy, Germany, has seen a significant increase in job opportunities over the past 12 months, which should be encouraging for job seekers in the region.”

On an individual basis, Germany was especially strong:

"Online job opportunities across Germany reached their highest level since December 2008 and from an annual basis were up 32 percent compared to November 2009. The annual rate of growth accelerated in November compared to the previous month. This, coupled with external indicators, such as business confidence rising to a 19 year high, suggest the Germany economy is in a stable state of improvement."


At 12/14/2010 1:40 PM, Blogger Buddy R Pacifico said...

"On and individual basis, Germany was especially strong..."

From a recent survey of European economists on eurozone economic activity:

"...the eurozone growth story is still pretty much a German export story."

Other articles point out that German consumer spending is weak but the economy is strong because of the "German export story".

Weak consumer spending + strong exports = strong economy



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