The employment index for Europe declined in January from a month ago, while it revealed a slower year-on-year growth, in contrast to the double digit annual expansion seen throughout 2011, Monster Worldwide said Friday.
The index came in at 127 in January, down from 136 in December. The employment index rose 9 percent from a year ago. Germany remains the only country to demonstrate strong annual growth of 30 percent.
"As the challenging economic conditions continue, the Index confirms the trend of recent months with fewer online recruitment opportunities in January as employers maintain a cautious approach to hiring," said Alan Townsend, Vice President of Sales Readiness and Business Operations for Monster Europe.
The Monster employment index is a monthly gauge of online job demand based on a real-time review of millions of employer job opportunities culled from a large representative selection of career web sites and online job listings across Europe.
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