Monster Employment Index Canada Falls 15 Points During Q3 and Shows a 12% Year-Over-Year Decline



    
    2008 Third Quarter Highlights:
    -   Index of online job postings declines to 145 in quarter and is down
        by 20 points or 12 percent from a year ago
    -   Nine of 10 job categories register declining online recruitment
    -   Only two provinces show higher online recruiting activity during Q3
    -   Eleven of 13 Canadian cities tracked show weaker online job
        availability in Q3
    

    MONTREAL, Oct. 23 /CNW/ - The Monster Employment Index Canada declined by
15 points in the third quarter of 2008, falling to 145 points overall amid
weaker online recruitment activity across most of Canada. With the Q3 decline,
the Index is down by 20 points or 12 percent year-over-year when compared to
the Q3 period for 2007.
    The Monster Employment Index Canada is based on a real-time review of
millions of employer job opportunities culled from a large, representative
selection of corporate career sites and job boards, including Monster.ca(R).
    During the third quarter of 2008, nine of 10 occupational categories
tracked by the Index showed weaker online job demand compared to the previous
quarter of 2008, with only the arts and culture job category registering
stronger online recruitment. Index results for the latest quarter, as well as
previous quarters, are as follows:

    
    ---------------------------------------------------------------------
     Q3      Q2      Q1      Q4      Q3      Q2      Q1      Q4      Q3
    2008    2008    2008    2007    2007    2007    2007    2006    2006
    ---------------------------------------------------------------------
    145     160     156     151     165     165     149     134     126
    ---------------------------------------------------------------------
    

    "The Monster Employment Index Canada reflected weaker online hiring
activity during the third quarter of 2008, with nearly every job category
declining. Two provinces, Saskatchewan and New Brunswick, showed gains from
the second quarter of the year," said Peter Gilfillan, Vice President of Sales
and General Manager of Monster Canada. "The Index is also lower on a
year-over-year basis, following several consecutive quarters of rising online
recruitment activity."

    
    Online Demand Falls in Nine of 10 Job Categories
    ------------------------------------------------
    
    Only one job category tracked by the Monster Index saw higher online
recruitment in Q3, with hiring activity rising in art, culture, recreation and
sports occupations by 12 points to hit a record high of 140, up two points
year-over-year. Online recruitment activity in manufacturing jobs fell by
22 points to 125 during Q3. The category is down by 29 points compared to the
third quarter of 2007.
    Online opportunities in trades and transportation also declined, falling
12 points to 118. This sector is down by 13 points compared to one year
earlier. Online job availability in management occupations fell by 29 points
to 123 after hitting a record high of 152 in Q2. Year-over-year, the category
is up by 13 points overall. Other industry categories registering weaker
online job availability during the quarter include: social science, education,
government and religion, falling 11 points to 90 in Q3 and down nine points
from a year earlier; business, finance and administration jobs, falling eight
points to 106 in the quarter but remaining two points higher year-over-year.
    Health sector occupations fell 22 points to 108 and activity there is
down by eight points year-over-year. Online recruitment in occupations unique
to primary industry fell by 11 points to 182 but was up 34 points
year-over-year. Sales and services jobs saw online recruitment decline by 20
points to 104 in the quarter, down by about 11 points from a year earlier.
Natural and applied sciences, including IT and computer-related occupations,
dropped by 25 points to 133 in the third quarter, down 12 points
year-over-year.

    
    Online Job Availability Declines in Eight Provinces
    ---------------------------------------------------
    
    During the third quarter of 2008, online job availability was weaker in
eight Canadian provinces and increased in only two provinces, Saskatchewan and
New Brunswick.
    In Central Canada, online recruitment activity in Ontario declined by
13 points to 135, and in Quebec by nine points to 149, amid weaker activity in
both provinces in sales and services jobs and management occupations, with
Ontario also weaker in business, finance and administration jobs.
    In the West, Saskatchewan was the only province to post a gain, rising
six points to 139.
    In the other Western provinces, online recruiting saw the strongest
declines in sales and services, management and health occupations, with
British Columbia's online recruitment falling by 10 points to 126, Alberta
down by seven points to 141, and Manitoba down by nine points to 132.
    In Eastern Canada, online opportunities in New Brunswick increased by
about five points to 118 but the other provinces lost ground amid weaker
hiring activity in management, social sciences and applied science jobs. PEI
saw online recruitment fall by seven points to 129, Nova Scotia was down by 22
to 122 and Newfoundland/Labrador declined by 19 points to 158.

    
    Online Job Availability Declines in 11 of 13 Major Cities
    ---------------------------------------------------------
    
    Online recruitment activity was weaker in 11 of the 13 major cities
monitored by the Index, with only Regina and Saskatoon posting gains in the
third quarter. Regina was up by 10 points to 139 amid stronger activity in
trades and transportation, and manufacturing jobs. Saskatoon was up by three
points to 132 amid stronger activity in natural and applied sciences and
manufacturing jobs.
    Online opportunities in Toronto fell by 15 points to 121 amid weaker
demand in management, sales and services and natural and applied sciences
jobs.
    Ottawa-Gatineau was unchanged at 132 points, with steady activity in
business, management, and natural and applied sciences jobs. Kitchener fell by
12 points to 143 amid weaker demand for workers in management, sales and
services, and natural and applied sciences jobs. Hamilton saw online
recruitment activity fall by 20 points as demand fell for workers in
healthcare and trades and transportation, as well as natural and applied
sciences jobs.
    In Quebec City, online recruitment fell by two points amid weaker
recruitment in management, business and finance, and natural and applied
sciences jobs.
    Montreal saw a five-point decline in the period as demand fell for
workers in sales and services and business occupations.
    Online recruitment in Halifax fell by 21 points in Q3 as recruitment
declined in sales and services, management, and natural and applied sciences
jobs.
    In the West, Regina increased by 10 points amid higher online recruitment
in trades and transportation, manufacturing, and art and culture occupations.
Saskatoon rose by three points as demand for workers increased in natural and
applied sciences, manufacturing, and art and culture occupations.
    But weaker online recruitment in areas such as sales and services,
management, and healthcare jobs, among others, resulted in the other major
Western cities losing ground in Q3. Vancouver was down by 10 points, Edmonton
edged lower by six points, Calgary fell by nine points and Winnipeg lost
10 points.

    
    About the Monster Employment Index Canada
    -----------------------------------------
    
    The Monster Employment Index Canada is a broad and comprehensive
quarterly analysis of Canadian online job demand conducted by Monster
Worldwide, Inc. (NASDAQ:   MNST), parent company of the leading global online
careers and recruitment resource Monster(R). As the first national index
measuring real-time online job demand, the Monster Employment Index Canada is
based on millions of online job postings and data culled from Monster Canada
(www.monster.ca), as well as a number of other recruitment Web sites
considered representative of employer activity nationwide.
    With data collected since April, 2005, the Index uses a consistent
methodology to track overall online job demand in Canada, providing Canadian
labour-market watchers with a new forward-looking indicator of employer demand
for employees. All of the data and findings in the Monster Employment Index
Canada are validated for accuracy through third party auditing conducted by
U.S.-based Research America, Inc. Index reports can be accessed and subscribed
to free-of-charge online at http://corporate.monster.com/Press_Room/MEI.html.
The next report of the Monster Employment Index Canada will be released in
January, 2009. To obtain a full copy of the Monster Employment Index Canada
report for the third quarter of 2008, including all charts and tables, or
subscribe and have future reports emailed to you on a quarterly basis please
visit http://corporate.monster.com/Press_Room/MEI.html.

    
    About Monster Canada
    --------------------
    
    Monster Canada (www.Monster.ca) is Canada's leading online career
resources portal - a bilingual, user-friendly site that is improving the
employment and recruitment experience in today's competitive job market.
Headquartered in Montreal, Monster Canada is part of Monster, the leading
global careers and recruitment resource online. 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 employer products and services,
please visit http://solutions.monster.ca.

    About Monster Worldwide

    Monster Worldwide, Inc. (NASDAQ:   MNST), parent company of Monster(R), 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 and other filings made with the Securities and
Exchange Commission, which discussions are incorporated in this release by
reference.





For further information:

For further information: Robert Waghorn, Communications Manager, Monster
Canada, (514) 350-0702, robert.waghorn@monster.ca; Mark Nusca, Porter Novelli
Canada, (416) 422-7179, mark.nusca@porternovelli.com


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