NEW YORK, Dec. 4 (UPI) -- U.S. job opportunities listed online in November fell to a level 22 percent below listings online a year ago, a private research group said.
Monster Worldwide (NSDQ: MNST), parent company of Monster, has bought a 50 percent stake in CareerOne, one of the biggest jobs sites in Australia. CareerOne is part of News Limited, the news media arm of News Corp (NYSE: NWS). With this deal, the two companies will offer joint online and print recruitment services as part of News Limited’s 140-newspaper portfolio. The JV will initially carry the CareerOne and Monster brands, and the organization will continue to operate from Sydney. This deal is in keeping with Monster’s urgent efforts to expand beyond its declining business and deepening recession in U.S. More details here.
October 2008 Index Highlights:
-- Index drops 10 points in October, following mild increases in
August and September
-- Year-on-year, the Index is now down 20 percent, indicating
continued deceleration in online recruitment activity at the
onset of the fourth quarter
-- Real estate, leisure and hospitality and retail trade
industries register strongest monthly declines in online job
availability, while opportunities in mining and utility
industries show continued expansion
-- Four-month growth trend in public administration (the Index's
top growth industry year-over-year) suggests that government
hiring continues
-- Only the protective service occupational category saw
increased opportunities in October, while healthcare
practitioners and technical remains among the top occupational
growth categories year-over-year
-- Pittsburgh is the only major metropolitan market showing a
year-over-year increase in online recruitment activity
Diluted Earnings Per Share from Continuing Operations Increases to
$0.36 on Flat Revenue; Non-GAAP Diluted Earnings Per Share from
Continuing Operations Increases to $0.40
Careers International Revenue Grows 17% as Operating Margin
Expands to 21.2% and Non-GAAP Operating Margin Reaches 22.8%
Net Cash and Securities of $486 million
Cash Flow From Operations of $92 Million
Monster Worldwide to List on New York Stock Exchange
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