On a seasonally unadjusted basis and considering the entire month of November, Hiring Demand fell by only 2% compared to October – seasonal movements usually drive down Hiring Demand by 15% from October to November.

We're expecting new job ads, unadjusted, to fall dramatically next week leading up to the Christmas holidays.

Graph: Fortune 1000 Hiring Demand, Monthly, Weekly (4 years)

Source: WANTED Analytics

Certain industry groups seem to have recovered from last year's crisis. "Business centric" economic centers are peforming well, including the 'Banking' (Credit Intermediation), 'Insurance', and 'Office Supply' sectors. Consumer facing industries are still down compared to last year, including  'Consumer Goods' and 'Electronics and Appliance Stores'. ('Employment Services' is down compared to last year, but is up on the quarter)

Table: Fortune 1000 Hiring Demand, by Industry Group (NAICS), Prior Year Comparison

Source: WANTED Analytics

Hiring for the largest 1000 American corporations did take the usual November seasonal hit this year, except in the Washington DC market, supporting previous articles pointing towards Washington's positive employment situation.

Graph: Fortune 1000 Hiring Demand, by US Metropolitan Area

Source: :WANTED Analytics

© Copyright 2009 WANTED Technologies Corporation

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:

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

© Copyright 2009 WANTED Technologies Corporation

What's more, 196 corporations are hiring more now than they were at the same time last year. This is an improvement of 11 companies compared to the 185 we saw last month.

Both of these factors confirm the positive hiring trend at America's largest corporations.

Hiring is still down 37.6% compared to last year. However, last month the year-over-year decline stood at 40.1%. This relative improvement of 2.5% controls for seasonal fluctuations.

The following table highlights hiring trends for the Fortune 1000. Our analysis is constrained to the top 4 paid-for national job boards (Monster.com, Yahoo! Hotjobs, CareerBuilder.com, Dice.com):

Source: WANTED Fortune 1000 Report

WANTED's "Fortune 1000" report details the count of job ads, by job board, for each of America's top 1000 corporations.

© Copyright 2009 WANTED Technologies Corporation

Last month, Hiring was up 4.4% for the Fortune 1000.

Hiring Demand is still down 40.1% on these job boards compared to last year. Last month, however, Hiring Demand was down 41.9% on a year-over-year basis. This relative improvement of 1.8% controls for seasonal fluctuations.

Increases in Hiring Demand were led by companies such as AT&T (NYSE:T), which we have featured several times on our weekly Advertiser Watch feature.

Source: WANTED Analytics

© Copyright 2009 WANTED Technologies Corporation

Compared to a year ago, Hiring Demand is still down 21.6%. However, Hiring Demand was down 25.6% on a year-over-year basis in July. Looking at month-to-month differences in the yearly reports removes any seasonal fluctuations. In other words, Hiring Demand is up 4% on a seasonally adjusted basis since last month.

Focusing in on the largest national paid-for job boards, collective Hiring Demand by the Fortune 1000 has grown 4.4% since last month on Monster, CareerBuilder, Yahoo! HotJobs, and Dice.

Source: WANTED Fortune 1000 Report

Growth in Hiring Demand is led by the 'Accommodation and Food Services', 'Information', 'Manufacturing', and 'Retail Trade' sectors.

Source: WANTED Fortune 1000 Report

The health care sector, as we have noted on our blog, is showing some signs of a slowdown. Employment is still growing in this sector, and Hiring Demand by the health care companies in the Fortune 1000 is up 17.3% compared to last year. However, that's a fall of 9.5% compared to last month.

Other sectors continuing to perform poorly are Mining, Construction, and Real Estate.

© Copyright 2009 WANTED Technologies Corporation

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

© Copyright 2009 WANTED Technologies Corporation

Of the 1000 companies in the group, 244 companies showed an increase in Hiring Demand compared to the prior year.

Health Care companies show the strongest Hiring Demand, with 63%  showing year-over-year increases.

Mining, Quarrying, and Oil and Gas Extraction have also shown improvements: 29.3% of the 41 Fortune 1000 companies in that sector have shown improvements in Hiring Demand.

Following are some specific examples.

Hiring Demand for Kindred Healthcare (NYSE: KND) has shown an upward trend since April, even as the stock price remains flat.  Situations where Hiring Demand is trending upwards, but the stock price is flat or trending downwards, represent potential investment opportunities.

Source: WANTED Analytics 2.0

JP Morgan Chase (NYSE: JPM) has shown a nice steady growth in Hiring Demand since July of last year. Hiring Demand volume has more than doubled compared to last year: there were 5,800 new job ads in May of 2008, and 14,100 in May 2009. JP Morgan's stock price has tripled since March of 2009.

Source: WANTED Analytics 2.0

Finally, hiring demand by the Dr.Pepper Snapple Group (NYSE:DPS)  is up considerably, as is its stock price.  Hiring Demand has tripled since February, and the stock price is up $10 from the 52-week low seen on March 9th, 2009.

Source: WANTED Analytics 2.0

© Copyright 2009 WANTED Technologies Corporation

Notably, we see that in some of these cases, the company's stock price also held up (relatively speaking) during the recent market meltdown.  Take a look at Pacific Gas and Electric Company (PCG):

Source: WANTED Analytics

And a similar view of DIRECTV (DTV):

Source: WANTED Analytics

In the case of ITT Corporation (ITT), hiring demand has continued to climb without (yet) a corresponding increase in stock price. Perhaps that is coming.

Source: WANTED Analytics

© Copyright 2009 WANTED Technologies Corporation

The picture is not all bleak. Of the 1000 companies, 213 showed growth in hiring demand in the first quarter. The Energy sector was the largest group represented, also boosting growth in certain manufacturing and transportation sectors that serve that industry.

Health care and Social Assistance also saw steady growth in first quarter hiring demand, although WANTED's data indicates that hiring demand is slowing in this sector and may lead to upcoming job losses.

Finally, a number of companies in the Finance and Insurance sector increased their online job advertising over Q1 2008, with their numbers weighted toward the Insurance sector. WANTED has previously reported that job losses are continuing to slow in Finance and Insurance.

© Copyright 2009 WANTED Technologies Corporation