Every day, WANTED's web spiders crawl through employment websites capturing job ads. Our proprietary technology removes duplicates (previously seen ads), normalizes critical analytical components (locations, company names), appends established third party data elements (D&B DUNS number, BLS occupation codes, Census industry codes, Census geography codes), and finally organizes the lot in a robust data warehouse.
By mining the 4+ years of data accessible through Analytics 2.0, WANTED can detect when companies increase their Hiring Demand. The WANTED Gazelles Report specifically focuses on these companies. Every week, we feature five companies appearing in the Gazelles Report.
Radio One (NASDAQ:ROAIK) – which we've featured before – was a top gainer on the NASDAQ on August 6th. Its stock is up 150% since mid-July, which corresponds to an aggressive recruitment campaign. It triggered a Gazelle alert by posting 27 new job ads on Net-Temps, mostly for Marketing Managers. It has 18 Sales Managers, 12 Sales Representative, and 10 Advertising and Promotions jobs available. Last year at this time only 2 Sales Manager positions were available. It also has a total of 91 jobs posted on CareerMag, whereas it had none at this point last year.
Source: WANTED Analytics
Quest Diagnostics (NYSE:DGX) has increased its Hiring Demand by 44% this month compared to its one year average. It posted more than 400 job ads for "Healthcare Support Occupations" in July, and more than 200 such ads in both May and June. Over the past three years the number of job ads for these types of workers has usually hovered around 100. Both Hiring Demand and Quest stock have been moving in tandem. In the past 12 months the correlation between Quest Diagnostics job ads and stock price has been 0.31. The spike in new job ads in September of 2008 resulted from Quest beginning to use CareerBuilder.
Source: WANTED Analytics
Morgan Stanley (NYSE:MS) has triggered two different Gazelle alerts. Both "Morgan Stanley" and the smaller wealth management division "Morgan Stanley Smith Barney" have shown jumps in Hiring Demand, particularly for Financial Specialists. Morgan Stanley has triggered a Gazelles alert for the past six consecutive weeks. The historical correlation between Morgan Stanley stock price and the number of job ads is 0.73.
Source: WANTED Analytics
Hess Corporation (NYSE:HES) has triggered a Gazelles alert by quintupling its Hiring Demand in July. Hess had 43 jobs on LatPro this week, whereas it had only 8 jobs at the same time last year on that job board.
Source: WANTED Analytics
Finally, Amazon.com (NASDAQ:AMZN) has boosted its Hiring Demand for both Computer Occupations and Management Occupations. It posted 632 Computer jobs last month and 1,032 this month, a 63% increase. It posted 451 Management jobs last month and posted 656 of those jobs this month, a 31% increase. Since last month Amazon stock is up 13%. The historical correlation between the number of available job ads and Amazon stock price is 0.57, with the correlation of stock price and one-week lagged value of job ads sitting at 0.59, suggesting that Amazon stock will appreciate again next week.
Source: WANTED Analytics
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