Monster Worldwide to Expand Monster Employment Index with Online Job Demand Data Covering Europe; Country-Specific Data for France, Germany, the Netherlands, Sweden, and the United Kingdom to Debut in June 2005
NEW YORK--(BUSINESS WIRE)--April 25, 2005--(NASDAQ: MNST), the parent company of the leading global online careers property, Monster(R), today announced plans to expand its monthly Monster Employment Index with the addition of country-specific data measuring online job demand in France, Germany, the Netherlands, Sweden, and the United Kingdom. Monthly findings will be based on job posting data collected from Monster and more than 1,400 carefully selected Web sites, believed to be representative of employer activity within the five countries. Monster Worldwide will introduce the first country-specific findings beginning in June 2005.
"The Monster Employment Index has become an established and widely recognized leading labor market indicator in the United States, providing labor market watchers with valuable, real-time insight into online recruitment activity," said Andrew J. McKelvey, Chairman and Chief Executive Officer of Monster Worldwide. "We are seeing the same migration of traditional help wanted advertising to the Internet in Europe as we are in the United States. So, it makes perfect sense to expand the Monster Employment Index and contribute data that, when combined with other labor statistics, will provide a much more complete view of the European job market."
Utilizing a team of researchers, the Monster Employment Index uses a consistent methodology to track monthly job posting activity 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 findings for the five countries and Europe, the Index will offer a breakdown by 10 occupational categories, as well as provide observations on regional and industry trends. 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. Additional information on the Monster Employment Index, including all charts and tables, is available online at http://eIndex.monsterworldwide.com.
About Monster Worldwide
Founded in 1967, Monster Worldwide, Inc. is the parent company of Monster(R), the leading global online careers property. The company also owns TMP Worldwide, the world's largest Yellow Pages advertising agency and one of the world's largest Recruitment Advertising agency networks. TMP Worldwide is also a provider of direct marketing services. Headquartered in New York with approximately 5,000 employees in 26 countries, Monster Worldwide (NASDAQ: MNST) is a member of the S&P 500 Index. More information about Monster Worldwide is available at www.monsterworldwide.com.
Monster is the leading global online careers property. A division of Monster Worldwide, Monster works for everyone by connecting quality job seekers at all levels with leading employers across all industries. Founded in 1994 and headquartered in Maynard, Mass., Monster has 25 local language and content sites in 23 countries worldwide. More information is available at www.monster.com or by calling 1-800-MONSTER. To learn more about Monster's industry-leading employer products and services, please visit http://recruiter.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.
CONTACT:
Monster Worldwide, Inc. United States:
David Rosa, 212-351-7067
david.rosa@monsterworldwide.com
or
Weber Shandwick
Christian Harper, 212-445-8135
or Europe:
Monster Worldwide, Inc.
Kai Deininger, +49 172 679 1900