Hiring Demand by Fortune 1000 companies remained consistent with the prior month, according to data from WANTED's Fortune 1000 report. WANTED's report measures new job ads for America's largest corporations. A month ago, the Fortune 1000 showed a year-over-year drop of 24.6% in Hiring Demand.
247 of the 1000 largest US corporations showed improvements in Hiring Demand, unchanged since last month.
On a Sector basis:
- Hiring Demand of "Wholesale Trade" companies (NAICS 42) is up by thirty-seven percentage points, posting a 24% year-over-year increase compared to last month's year-over-year drop of 13.2%.
- Health Care is the only sector to show consistent and robust growth in Hiring Demand. Health Care sector Hiring Demand is up 26.8% compared to last year. Last month, Hiring Demand was up 34.6% on a year-over-year basis.
- Hiring Demand of "Professional, Scientific, and Technical Services" companies (NAICS 54) dropped by twenty percentage points, going from -13.2% to -33.9% on a year-over-year basis.
The following table summarizes the sector highlights:
Source: WANTED Fortune 1000 Report
On a Company-by-Company basis:
- Bank of America stock (NYSE: BAC) has dropped almost 5% in today's trading, forewarned by declining Hiring Demand after three months of growth in both demand for new employees and stock price.
Source: WANTED Analytics 2.0
- Macy's (NYSE: M) is displaying growth in both Hiring Demand and stock price.
Source: WANTED Analytics 2.0
- McDonald's Corporation (NYSE: MCD) stock is up 11.5% since March 9, 2009. Last week, McDonald's corporation showed a significant upward spike in Hiring Demand.
Source: WANTED Analytics 2.0
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