Monster Employment Index: Slight Increase in May

June 1, 2007

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The Monster Employment Index rose three points in May, suggesting U.S. online recruitment activity and related demand for workers has stabilized at the end of the busy spring hiring season, Monster reported.

Overall, 13 of 20 industries and seven of 23 occupational categories tracked by the Index registered increases of varying degrees in May.

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May 2007 Index Highlights:

  • The Index rose three points in May, extending five-month upward trend in online job demand.
  • Year-over-year, the Index’s annual growth rate dipped slightly to 13 percent, but showed a moderate improvement over the slower pace recorded in the first quarter of this year.
  • Online demand for healthcare professionals increased further in May.
  • Construction and manufacturing-related categories declined in May, suggesting continued softness in the goods-producing sector.
  • Online demand for white-collar positions eased as a slower U.S. economy appeared to weigh on corporate hiring and expansion.
  • New England region registered the strongest gain in online opportunities for the month; the Pacific region dipped amid weaker demand for workers in California.

Online recruitment activity in the New England region rose sharply for the fourth consecutive month in May, amid increased online job availability for technology and science-related occupations across Massachusetts, and stronger overall demand for workers in Maine.

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The New England region’s gain in May brought its year-over-year growth pace up to 17 percent.

A total of 37 U.S. states registered increased online job demand last month with North Carolina reporting the highest rate of growth in online job availability on a year-over-year basis.

The following were the top 10 states in terms of per-capita online job availability during May:

monster-employment-index-states-2007-may.gif

The Monster Employment Index is based on a real-time review of millions of employer job opportunities culled from more than 1,500 websites, including Monster.

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