Out Fox The $treet

The Monster Employment Index Europe demonstrated year-over-year growth of 18 percent. Thought Europe was headed to a massive recession? Ok, the index is actually flat to down since peaking at 140 in June. Clearly the trend is not optimal, but it's not as dire as most in the media would suggest. The top growth areas were Engineering, Manufacturing, Transport, Telecommunication, and Real Estate. Clearly Europe lacks the mining and oil exploration growth that the US is seeing. This has and will be a major hamper to their economy as growing commodity prices can't be escaped via production increases. The regional data is much more telling. Germany continues to soar up 37% YOY while all other regions have seen major declines since June. Even Belgium, France, Netherlands, and Sweden have seen declines. Not surprising to see Italy drop, but it does highlight why Germany wants the European Union to survive. The weakness in the other European countries is holding down the euro and m...

Considering the weak government jobs report today, its interesting that the Monster Employment Index (MEI) hit a post recession high in August. With the doubts over the validity of the government report, why not look at this index instead combined with ADP and jobless claims. All of the other jobs reports were mostly encouraging. Jobless claims have been flat around 400K, ADP showed 91K jobs gained, and the household survey had 330K in gains. Honestly Stone Fox hasn't used the MEI in the past so understanding what the data represents isn't probably 100% accurate. The MEI is reportedly a gauge of US online job demand based on real-time review of millions of employer job opportunities culled from a large representative selection of career Web sites. So clearly the index could have issues with certain firms moving hiring decisions to the internet or the Web sites used lacking key representation. Logically any company probably wouldn't still be in busines if they just now...

Instead of rehashing the same data that Mark Perry reported on the Monster Employment Index I thought I'd just re-post it. Regardless of what the government data shows and is typically adjusted, the MEI is showing strong growth throughout this year. Do you trust a report that is very manipulated and often adjusted later or one that shows the facts? Online recruitment is soaring. CARPE DIEM From today's Monster Employment Report for June 2010 : 1. The Monster Employment Index climbed 7 points in June and the annual growth rate, now at 21 percent (24-point increase), is at its highest since September 2006. 2. Online demand for workers rose in 17 and remained flat in 5 of the 23 occupational categories in June with healthcare support registering the largest gain on a month-over-month basis. 3. Demand rose in all U.S. Census Bureau regions with West North Central registered the largest monthly as well as 3-month gain. On an annual basis, Middle Atlantic exhibited the most improvem...

With all the supposedly disappointing news (hours worked and wages were up but thats a different story for later) about the Government's Non-Farm Payrolls report on Friday, it's worthwhile to take a look back at the Monster Employment Index released the day prior. This report showed conflicting data to the NFP report. Monster's Index showed a stronger job market in May and no signs of declines. These numbers aren't manipulated like that of the government's data so they should present a much more reliable source as well. After all, the government number could be raised or lowered by 50K easily when its revised next month. Below is just the highlights that they summed up nicely for us. Read the whole report and you come out with a very positive view of the jobs market. May 2010 Index Highlights: • Index rises one point in May as employers continue to step-up hiring activity. Year-over-year growth rate climbs for the fourth consecutive month, and is now 14 percent (16 ...