Monster Employment Index to Provide Statistical Assessment Based on Millions of Employer Postings Culled from More Than 1,500 Web Sites NEW YORK--(BUSINESS WIRE)--March 4, 2004-- Monster Worldwide, Inc. (NASDAQ: MNST), the parent company of the leading global online careers property, Monster(R), today announced plans to provide a comprehensive monthly snapshot of U.S. online recruitment activity.
Debuting next month, the Monster Employment Index will provide U.S. labor market watchers with a broad analysis of the demand for jobs online. Monthly findings will be based on job posting data collected from Monster and more than 1,500 carefully selected Web sites, believed to be representative of employer activity nationwide.The Monster Employment Index will officially debut on Thursday, April 1, with the release of data for the month of March 2004. Moving forward, the Index will be released on or around the beginning of each month.
With traditional help wanted advertising continuing to migrate online and nearly every Fortune 500 company now utilizing online recruiting, the Monster Employment Index is uniquely positioned to contribute data that, when combined with other labor statistics, will provide a much more complete view of the U.S. job market, said Andrew J. McKelvey, chairman and chief executive officer of Monster Worldwide.
Given the inherent timeliness of the job posting data we are collecting, we anticipate that labor market watchers will increasingly view the Monster Employment Index and its assessment of online job postings as a key barometer offering valuable insight into broader American labor trends.Based on an initial six months of data compiled during its beta-testing period, Monster Worldwide believes the Monster Employment Index is poised to become a leading labor market indicator. Thus far, the Index’s data has correlated strongly with several other well-established labor market indicators, including the Bureau of Labor Statistics’ civilian unemployment rate.Utilizing a team of researchers, the Monster Employment Index uses a consistent methodology to track monthly U.S. job posting activity from Monster and more than 1,500 Web sites representing millions of employer postings in key employment sectors.
Job postings are online advertisements placed by an employer looking to fill one or more vacant, or recently created, job positions. The Monster Employment Index counts postings as an indicator of demand for employees.In addition to generating broad national findings, the Index will offer sub-indices by industry, occupation and geographic region, including data on 20 different industries and 23 occupational categories.All of the data and findings in the Monster Employment Index are validated for accuracy through third party auditing conducted on a monthly basis by ARC Research, a Cranford, New Jersey-based provider of innovative click and brick market research solutions.
Monster Worldwide to Introduce Comprehensive Monthly Snapshot of U.S. Online Job Demand
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