Europe Monster Employment Index Declines In September

Europe Monster Employment Index Declines In September

The Employment Index for Europe showed a slightly steeper rate of reduction in online recruitment activity in September.

The employment index fell 2 percent year-on-year to 135 in September, Monster Worldwide said Friday. In August, the reading was 138.

Although Germany continued to decelerate, it remained in the positive growth territory. All other regions monitored by the index report decline with France and Netherlands recording double-digit reduction on a yearly basis.

"As the ongoing crisis of the Eurozone continues to undermine business confidence, the impact to employer recruitment activity remains clear as the Index registers an overall decline in annual online recruitment for the second consecutive month," said Alan Townsend, Senior Vice President of Sales Readiness and Business Operations for Monster Europe.