| [July 26, 2004] |
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Monster Releases Detroit Employment Outlook; Hot Industry Sectors Include: Sales; Engineering; Accounting/Auditing; Information Technology; and Administrative and Support Services
MAYNARD, Mass. --(Business Wire)-- July 26, 2004 -- While the nation's unemployment rate remained unchanged at 5.6 percent in June, Detroit is still struggling with the highest unemployment rate among the large metropolitan areas, having increased from 6.6 percent in May to 7.3 percent in June. Offering a glimmer of hope for more than 148,000 unemployed job seekers in Detroit, Monster(R) today released employment data revealing a 41 percent increase in the number of local job postings over the past six months when compared to the same time period last year. Monster is the leading global online careers property and flagship brand of Monster Worldwide, Inc.
Where are the jobs?
Based on a comprehensive analysis of Detroit-based job postings on Monster, Sales opportunities are most abundant, with a 41 percent increase from June 2003 to June 2004. Other top job categories in terms of overall job postings include Engineering (up 26 percent from last year), Accounting and Auditing (up 58 percent), Information Technology (up 73 percent) and Administrative and Support Services (up 20 percent).
What types of candidates are employers seeking?
Forty-two percent of job postings target employees at "mid-career." Nine percent of jobs are available at the entry-level, while almost ten percent seek job seekers with management experience. Additionally, 23 percent of Monster job seeker members in Detroit have bachelor's degrees.
What are the top resume categories?
During the first six months of 2004, resumes from Detroit increased more than 30 percent compared to the same time period in 2003. Top resume categories include:
1. Administrative and Support Services
2. Engineering
3. Manufacturing and Production
4. Automotive/Motor Vehicle/Parts
5. Information Technology
So you're looking for a job in Detroit. Now what?
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 Detroit-specific statistics on Monster, please contact Kevin Mullins, 978-461-8751.
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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