Fortune 1000 Hiring Demand has dropped 11.4% since last month, according to data from WANTED Analytics which tracks the number of online job ads on over 1,000 employment specific websites. This drop can be explained by spikes we saw on certain job boards last month, which caused Hiring Demand to jump almost 17%.
Source: WANTED Analytics
Over the past 9 months, Fortune 1000 Hiring Demand has been growing 3.5% a month. This is faster than the 2.1% growth seen in the overall economy. According to the table below which details monthly trend rates, it seems that Hiring Demand not only grew faster than the rest of the economy before the recession, but also resisted to the recession better than smaller companies:
| Economic Sector | OCT 2005 to DEC 2007 26 months | JAN 2008 to FEB 2009 14 months | MARCH 2009 to NOV 2009 9 months |
|---|---|---|---|
| US Economy | 0.7% | -3.5% | 2.1% |
| Fortune 1000 | 1.3% | -1.8% | 3.5% |
On the three major national job boards (Monster, CareerBuilder, HotJobs) Hiring Demand improved 5%. Hiring Demand on those job boards has been trending upwards 4.7% a month since March. The Fortune 1000 companies post fully 12% of all online job ads in the US, and almost 10% of all job ads placed on the three major national job boards. Hiring Demand is still less than half what it was at its peak in August 2007:
Source: WANTED Analytics
Blockbuster saw the biggest drop in the number of online job ads, caused by a drop on one specific job board (AllRetailJobs.com). The three largest financial firms – JPMorgan Chase, Bank of America, and Wells Fargo – also saw slight drops in Hiring Demand this month compared to last.
Source: WANTED Analytics
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