RTTNews - The Monster Employment Index for Europe dipped 2% in June, with the index edging down to 102 from 104 from May, results of a survey by the Monster Worldwide Inc. said Tuesday. Year-on-year, the index fell 39%.
The report said while the overall index continued its decreasing trend, individual countries showed mixed results. Germany, Italy and the Netherlands showed sustained declines, whereas modest increases were seen in Belgium and the UK.
Year-on-year, however, all EU markets remained in the red, reflecting the broad slowdown in hiring activity across the continent.Online recruitment activity across the European Union fell to a four-year low in June, the report said. The Netherlands recorded the steepest annual rate of decline among the major EU markets.
The sustained deceleration in online recruitment during the second quarter indicates that recession continues to linger in the EU job market despite budding signs of improvement in some areas of the European economy,Hugo Sellert, head of economic research at Monster Worldwide said.
Many companies are looking to contain labor costs, particularly for cost-intensive management and consultant positions. In other areas such as healthcare and education, however, demand remains strong with ample opportunity for employment, Sellert added.
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