Dip in Online Recruitment in the UK in June, According to the Monster Employment Index

Bad Homburg, (PresseBox) - June 2008 Highlights:
- Online hiring activity decreased moderately in the UK in June, following a slight rebound in May
- The marketing, PR and media sector registered the steepest decline while job availability in the sales sector dipped for the fourth consecutive month
- Opportunities increased significantly in hospitality and tourism; and healthcare, social work whilst the arts, entertainment, sports, leisure sector surged year-on-year
- Among occupational groups, opportunities for craft and related workers declined most in the month and during the second quarter
- Regionally, online hiring in Wales, Scotland and North England dipped furthest while London and the South West decreased for the fourth successive month

The Monster Employment Index UK decreased by four points in June to reach a level of 177, seven points higher than a year ago but 15 points short of its February peak. Hiring in the marketing, PR and media sector fell most, while there was a strong upturn in demand for hospitality and tourism workers.

The Monster Employment Index UK is a monthly analysis of millions of online job opportunities culled from a large, representative selection of corporate career sites and job boards across the UK, including Monster.co.uk.

"This is the third time in four months that the UK Index has dropped and the first time in three years that overall demand declined in June. Confidence in the UK economy is falling among consumers and businesses alike, and employers have responded by scaling back on hiring," commented Hugo Sellert, Head of Economic Research, Monster Worldwide. "Still, the availability of jobs online is significantly higher than last year, and demand remains elevated in both manufacturing and parts of the service sector".

Demand in marketing, PR and media drops most

Online hiring in the marketing, PR and media sector fell by 28 points in June, following moderate growth in May. The largest drop was seen among legislators, senior officials and managers, but there were also notably fewer opportunities for professionals; and technicians and associate professionals. Demand fell across most regions, with East Anglia the worst affected. Although online job availability in this sector is now at its lowest since November 2007, year-on-year growth remains 18 points, or 10%.

Opportunities for workers in the engineering sector also fell sharply, offsetting growth in May. The decline was led by reduced hiring of professionals. Demand dropped in most regions, with Scotland registering the largest decrease. Despite this downturn, year-on-year growth was 50 points, or 34%.

By contrast, the hospitality and tourism sector grew by 28 points, as online hiring increased for the third month in a row. There were considerably increased opportunities for both service workers and shop and market sales workers; and legislators, senior officials and managers. Regionally, the South East reported the largest increase. Year-on-year growth was 60 points, or 43%.

Significant fall in online hiring of craft and related workers

Online job availability for craft and related workers fell sharply in June, shedding the territory gained in May. The decline was driven by fewer opportunities in the production, manufacturing, maintenance, repair; and construction, extraction sectors. Regionally, the biggest dip was in Wales, while hiring fell in North England and the South West for the third month in a row. Year-on-year growth was 29 points, or 12%.

There was also a marked decrease in hiring of professionals in June, due in part to a strong decline in the public sector, defence, community sector. Demand also fell significantly in the management and consulting; construction and extraction; and sales sectors. Contrastingly, hiring of professionals increased in some industries, including banking, finance and insurance. Regionally, the South East saw the sharpest decrease and demand continued to decline in London and the South West for the third consecutive month. Year-on-year growth was 55 points, or 33%.

Wales and Scotland dip furthest

Wales fell by 11 Index points in June, following a slight increase in May. This decline was driven by a third straight monthly fall in hiring in the environment, architecture and urbanism; and sales sectors. By contrast, accounting, audit, taxes; banking, finance, insurance; and hospitality and tourism showed some recovery after dips in May. Among occupational groups, there were significant declines among craft and related workers; plant and machine operators and assemblers; and elementary occupations. Year-on-year demand in the region rose by 18 points, or 8%.

Online hiring also decreased in Scotland, for the third straight month. There was considerably less demand in the banking, finance, insurance; education, training and library; public sector, defence, community; and engineering sectors. Job availability dropped furthest for skilled agricultural and fishery workers.

Online recruitment rose by 17 points in Northern Ireland after two successive months of decline. There were strong increases in the accounting, audit, taxes; research and development; banking, finance, insurance; and construction and extraction sectors. Of the occupational groups, hiring of professionals grew most. Year-on-year growth was 18 points, or 12%.

About The Monster Employment Index UK

Providing a broad, comprehensive monthly analysis of online job demand, the Monster Employment Index UK is an extension of the Monster Employment Index Europe, which is compiled each month by researchers at Monster Worldwide Europe.

Launched in June 2005, the Monster Employment Index Europe provides monthly insight into recruitment trends across the European Union. The Index report is based on a real-time review of millions of employer job opportunities culled from Web sites across Europe, including Monster®. The Index is audited by Research America, Inc. and provides analyses of online job demand within occupational categories, industry sectors and regions.

Monthly Index reports for Belgium, France, Germany, Italy, the Netherlands, Sweden, the United Kingdom and Europe are available at:

Monster Worldwide Deutschland GmbH

Monster Worldwide, Inc. (NASDAQ: MNST), 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 and the NASDAQ 100. To learn more about Monster's industry-leading products and services, visit www.monster.com.

Special Note: Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995: Except for historical information contained herein, the statements made in this release constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such forward-looking statements involve certain risks and uncertainties, including statements regarding Monster Worldwide, Inc.'s strategic direction, prospects and future results. Certain factors, including factors outside of Monster Worldwide's control, may cause actual results to differ materially from those contained in the forward- looking statements, including economic and other conditions in the markets in which Monster Worldwide operates, risks associated with acquisitions, competition, seasonality and the other risks discussed in Monster Worldwide's Form 10-K/A and other filings made with the Securities and Exchange Commissio803n, which discussions are incorporated in this release by reference.

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