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Jul 18 2011

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Monster Employment Index Gulf Rises 8% Month-over-Month

• Index grows eight percent from May 2011

• Bahrain and Kuwait record largest growth over six months

• BFSI leads all industry sectors in six-month growth while hospitality and oil/ gas see largest declines
• Customer Service occupations continue to record the highest growth in demand between January and June

The Monster Employment Index is a monthly gauge of online job demand in Middle-east based on a real-time review of tens of thousands of employer job opportunities culled from a large representative selection of career Web sites and online job listings. The Index does not reflect the trend of any one advertiser or source, but is an aggregate measure of the change in job listings across the industry.

"The latest increase in the Monster Employment Index Gulf was driven by rising demand for professionals in a variety of categories such as legal, customer service and banking/ finance," said Sanjay Modi, Managing Director (India/Middle East/South East Asia), Monster.com. "Counterbalancing the rise in these sectors is the notable drop in tourism and hospitality, possibly caused by reduced tourism during the summer months."




Industry Six-Month Trends: Seven of the 12 industry sectors monitored by the Monster Employment Index register positive six-month growth trend in June

• BFSI (up 44 percent) recorded the strongest growth in June, expanding a notable 33 percent from May 2011

• Advertising, Market Research, PR (up 17 percent) and Retail (up 9 percent) were amidst the fastest growth sectors over six months

• Engineering, Construction and Real Estate (up 5 percent) saw the first positive monthly growth in recruitment activity since March

• Production/Manufacturing, Automotive and Ancillary (down 23 percent) tempered for the fourth consecutive month to reach the lowest point in the series

• Hospitality (down 46 percent) sector displayed further contraction in June

Occupation Six-Month Trends: Seven of the 11 groups monitored by the index registered positive six-month growth in June.

• Customer Service (up 63 percent) continued to be the leading occupation fuelled by an additional 8 percent month-over-month growth in online demand

• Health Care (up 9 percent) recorded improved six-month growth momentum rising from -3 percent in May to 9 percent in June

• Sales and BD (down 10 percent) displayed a much milder pace of six-month decline in June compared to May

COUNTRY MONTH-OVER-MONTH TRENDS



Geographic Six-Month Trends: Online opportunities rose in four of seven countries monitored by the Index over six months.

• Bahrain (up 32 percent) led all seven countries in growth over six months.

• Egypt (down -13 percent) and Oman (down 17 percent) saw the largest 6-month drops
  

COUNTRY-WISE MONTH-OVER-MONTHTRENDS

KSA Highlight

• Opportunities expanded 15 percent from January 2011

• BFSI sector recorded the steepest month-over-month as well as six month growth

• Demand for Sales and BD; and Marketing & Communications/Arts/Creative professionals reduces in June

UAE Highlights

• Online opportunities in UAE exceeded January levels by a robust 14 percent

• BFSI led all industry sectors in monthly as well as six-month growth

-Ends-

About the Monster Employment Index
Launched in April 2011 with data collected since October 2010, the Monster Employment Index is a broad and comprehensive monthly analysis of online job demand in the Middle East conducted by Monster.com. Based on a real-time review of tens of thousands of employer job opportunities culled from a large, representative selection of online career outlets, including Monster Gulf, the Monster Employment Index presents a snapshot of employer online recruitment activity nationwide. 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%. Monster has taken due care in compiling and processing the data available from various sources for Monster Employment Index, but does not guarantee the accuracy, adequacy or completeness of any information and is not responsible for any errors or omissions or action / decision taken or for the results obtained from the use of such information.

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/

CONTACTS:
Nidhi Madan Verma
Monster India
(91) 956 015 5115
nidhi.verma@monster.com

Stephen Reid
Hill &Knowlton
Phone: 971 50 651 7507
Email: stephen.reid@hillandknowlton.com

© Press Release 2011