| [August 23, 2004] |
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Monster Employment Outlook Reveals Tech Jobs on the Rise in the Bay Area and Silicon Valley
MAYNARD, Mass. --(Business Wire)-- Aug. 23, 2004 --
Job Opportunities in Information Technology; Computers, Software; Sales; and Accounting/Auditing Have Spiked Since Last Summer
The Bay Area and Silicon Valley are in the midst of rising unemployment, with San Francisco experiencing a slight uptick to 4.7 percent in June and Silicon Valley struggling with one of the highest unemployment rates among the large metropolitan areas, hovering at 6.2 percent. While these figures released by the U.S. Department of Labor paint a dim picture for job seekers, recent employment data from Monster(R) reveals an 87 percent increase in Information Technology job postings in the Bay Area and Silicon Valley over the past six months. Monster is the leading global online careers property and flagship brand of Monster Worldwide, Inc.
Where are the jobs?
A majority of job opportunities in the Bay Area and Silicon Valley are from the many companies that reside in the nation's tech hub. Based on a comprehensive analysis of Monster job postings over the past six months(a), Sales is the most abundant job opportunity in the area, with a 17 percent increase in job opportunities followed by Accounting/Auditing (up 39 percent). Tech-related jobs continue to rise, with Computers, Software opportunities increasing 67 percent and Engineering up 29 percent over the past six months.
What types of candidates are employers seeking?
Forty percent of Monster job postings in Silicon Valley and the Bay Area target employees at the "mid-career" level. Only nine percent of jobs posted on Monster are available at the entry-level, while almost ten percent seek job seekers with management experience.
What industries are attracting job seekers?
Resumes posted on Monster for jobs in San Francisco-Oakland-San Jose more than doubled in the past six months, and more than 25,000 job seekers are willing to relocate to the region, listing the area as a target location. A majority of job seekers are pursuing employment in some of the region's most burgeoning fields, including:
1. Computers, Software
2. Administrative and Support Services
3. Information Technology
4. Computers, Hardware
5. Engineering
How can job seekers improve their search?
Whether currently unemployed or looking to make a career change, the following are important tips for job seekers as they undergo the search and interview process:
-- Cast a Wide Net - The sooner you start creating a network, the faster you'll progress in your career. You never know where you'll meet someone interesting or hear about a great job opportunity.
-- Develop an Elevator Pitch about Yourself - Whether you're casually networking or in a formal interview, always be prepared with a crisp, concise, two-minute response to the question, "Tell me about yourself."
-- Be Prepared - Knowledge is power, and power gives you confidence - something you'll need to succeed in interviews. Research companies, industries and positions. Visit employers' websites.
-- Practice Good Nonverbal Communication - Demonstrate confidence: stand straight, make eye contact, listen and connect with a good, firm handshake.
-- Ask Questions - Demonstrate an interest in what goes on in the company. Asking questions also gives you the opportunity to find out if it is the right place for you.
-- Don't Appear Desperate - Maintain the three "C's" during an interview: cool, calm and confident. You know you can do the job; make sure the interviewer believes you can, too.
For additional information regarding regional statistics on Monster, please contact Kevin Mullins, 978-461-8751.
(a) Statistics represent a comprehensive analysis of job postings and resumes submitted to Monster from the San Francisco-Oakland-San Jose region in 2004.
About Monster
Celebrating its 10-year anniversary, Monster is the leading global online careers property. A division of Monster Worldwide (NASDAQ: MNST), 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 22 local language and content sites in 20 countries worldwide. Monster is the official online career management services sponsor of the 2004 U.S. Olympic Team. 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.
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