Monster Employment Index Canada Falls 27 Points in Q4 of 2008; Year-Over-Year Decline is 22 Per Cent



    
    2008 Fourth Quarter Highlights:

    -   Index of online job postings declines 27 points to 118 in
        fourth quarter of 2008
    -   Online postings for Q4 are down by 22 per cent from a year earlier
    -   All job categories tracked by MEI register weaker online recruitment
    -   All provinces and all cities tracked show declining
        online recruitment
    

    MONTREAL, Jan. 22 /CNW/ - The Monster Employment Index Canada declined by
27 points in the fourth quarter of 2008, falling to 118 from 145 points
overall amid weaker online recruitment activity across every province and in
all major cities monitored. With the Q4 decline, the Index fell for a second
consecutive quarter and is down by 22 per cent year-over-year compared to the
Q4 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 fourth quarter of 2008, all 10 occupational categories tracked
by the Index showed weaker online job demand compared to the previous quarter
of 2008. Index results for the latest quarter, as well as previous quarters,
are as follows:

    
    ---------------------------------------------------------------------
     Q4      Q3      Q2      Q1      Q4      Q3      Q2      Q1      Q4
    2008    2008    2008    2008    2007    2007    2007    2007    2006
    ---------------------------------------------------------------------
    118     145     160     156     151     165     165     149     134
    ---------------------------------------------------------------------
    

    "Considering the current economic environment and the caution being shown
by Canadian employers, it is not surprising to see declining online
recruitment during Q4 as reflected by the Monster Employment Index Canada,"
said Peter Gilfillan, senior vice president of International Sales and General
Manager of Monster Canada. "The latest results indicate that conditions in the
Canadian labour market are continuing to soften, with the Index down for a
second consecutive quarter and lower by 22 per cent on a year-over-year
basis."

    
    Online Demand Falls in All Job Categories Tracked
    -------------------------------------------------
    

    All of the major job categories tracked by the Monster Employment Index
saw lower online recruitment in Q4, with trades and transportation jobs and
primary industry occupations posting the sharpest losses overall.
    Online recruitment in occupations unique to primary industry fell by 56
points to 126 and is down 26 per cent year-over-year. Online opportunities in
trades and transportation jobs, including construction and mining, declined by
23 points to 95 in Q4, putting that sector 26 per cent lower than the
year-earlier Q4 period.
    Online recruitment activity for jobs in processing, manufacturing and
utilities fell by 10 points to 115 during Q4. The category is down by 21 per
cent compared to the fourth quarter of 2007.
    Natural and applied sciences, including IT and computer-related
occupations, dropped by 12 points to 121 in the fourth quarter, down about 14
per cent year-over-year.
    Online job availability in management occupations fell by 11 points to
112 and year-over-year, the category is down by 4 per cent. Health sector
occupations fell five points to 103 and activity there is down about 15 per
cent year-over-year. Sales and services jobs saw online recruitment decline by
seven points to 97 in the quarter, down by about 17 per cent from a year
earlier.
    Other industry categories registering weaker online job availability
during the quarter include: social science, education, government and
religion, falling nine points to 81 in Q4 and down 27 per cent from a year
earlier; business, finance and administration jobs, falling 12 points to 94 in
the quarter and down by eight per cent year-over-year; art, culture,
recreation and sports occupations, falling by three points to 137 but up by
two per cent year-over-year.

    
    Online Job Availability Declines in All Provinces
    -------------------------------------------------
    

    During the fourth quarter of 2008, online job availability was weaker in
every province. In Central Canada, online recruitment activity in Ontario
declined by 32 points to 103, and in Quebec by 17 points to 132, amid weaker
activity in both provinces in sales and services jobs and natural and applied
science jobs, with Ontario also weaker in trades and transportation jobs.
    In the West, online recruitment in Saskatchewan fell by 33 points to 106
and in Alberta by 23 points to 118. British Columbia fell 18 points to 108 in
Q4 while Manitoba was down by 11 points to 121. Job sectors losing the most
ground in Q4 online recruitment activity in the West were: trades and
transportation jobs, business, finance and administration, and management
jobs.
    In Eastern Canada, online opportunities fell in Nova Scotia by 39 points
to 83 and in New Brunswick by five points to 98. PEI saw online recruitment
fall by 19 points to 110 while Newfoundland/Labrador declined by 11 points to
147.

    
    Online Job Availability Declines in all Major Cities Monitored
    --------------------------------------------------------------
    

    Online recruitment activity was weaker in each of the 13 major cities
monitored by the Index.
    In Ontario, online opportunities in Toronto fell by 23 points to 98 and
in Kitchener by 23 points to 120, amid weaker demand in trades and
transportation, natural and applied sciences jobs and business, finance and
administration jobs. Online recruitment in Ottawa-Gatineau fell by 19 points
to 113 amid weaker demand in natural and applied sciences jobs, trades and
transportation and sales and services. Hamilton saw online recruitment
activity fall by 37 points to 157 as demand fell for workers in trades and
transportation, sales and services and business and finance jobs.
    In Quebec City, online recruitment fell by eight points to 146 amid
weaker recruitment in manufacturing and in primary industry jobs. Montreal saw
a 38-point decline to 150 in the period as demand fell for workers in business
and finance occupations, management, and natural and applied sciences.
    In the West, online recruitment fell in Vancouver by 11 points to 105, in
Edmonton by 25 points to 122 and in Calgary by 17 points to 114, all amid
weaker recruitment in natural and applied sciences, and trades and
transportation jobs.
    Regina fell by 30 points to 109 and Saskatoon fell by 34 points to 98,
both cities seeing weaker activity in business and finance, trades and
transportation, and management jobs. Winnipeg saw activity fall by 13 points
to 143 amid declines in primary industry and manufacturing jobs.
    Online recruitment in Halifax fell by six points to 124 as recruitment
declined in business and finance, management, and natural and applied sciences
jobs.

    
    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. (NYSE:   MWW), 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
April 2009. To obtain a full copy of the Monster Employment Index Canada
report for the fourth 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. To learn more about
Monster's industry-leading employer products and services, please visit
http://hiring.monster.ca.

    
    About Monster Worldwide
    -----------------------
    

    Monster Worldwide, Inc. (NYSE:   MWW), 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, Asia and Latin America, 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. 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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