Monster Employment Index Canada Falls 27 Points in Q4 of 2008

Year-Over-Year Decline is 22 Per Cent

2008 Fourth Quarter Highlights:

• Index of online job postings declines 27 points to 118 in fourth quarter of 2008
• Online postings for Q4 are down by 22 per cent from a year earlier
• All job categories tracked by MEI register weaker online recruitment
• All provinces and all cities tracked show declining online recruitment
  

MONTREAL, Jan. 22 /CNW/ - The Monster Employment Index Canada declined by 27 points in the fourth quarter of 2008, falling to 118 from 145 points overall amid weaker online recruitment activity across every province and in all major cities monitored. With the Q4 decline, the Index fell for a second consecutive quarter and is down by 22 per cent year-over-year compared to the Q4 period for 2007.

The Monster Employment Index Canada is based on a real-time review of millions of employer job opportunities culled from a large, representative selection of corporate career sites and job boards, including Monster.ca(R).

During the fourth quarter of 2008, all 10 occupational categories tracked by the Index showed weaker online job demand compared to the previous quarterof 2008.

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