Jobs. Trends. Insight.

Business & Finance Job Postings up 22% from Last Year, Continued Growth in Corporate Hiring

By Charles Thibault and Harold Biswas on June 24, 2010 in BLS Nonfarm Employment, Business/Finance.

190,000 Business Operations & Financial Specialist job ads have been posted online over the past three months. This is an extra 35,000 job postings compared to the the same time last year, a 22% growth according to data from WANTED Analytics™, which tracks online job postings on over a thousand job boards. Job ads are unduplicated across sites, and only paid-for job postings are included in this analysis.

Hiring Demand growth in Business & Finance occurred in all major metro areas and job types. The largest growth occurred in the New York City and Stamford, Connecticut areas.

A particularly relevant and important result is that hiring for Personnel Recruiters has more than doubled compared to last year. There were over 10,000 new job ads posted for recruiters in March, April, and May 2010, compared to only 4,600 for the same period last year. This is a very positive sign: corporations are hiring the workers responsible for future hiring.

Getting Rid of that Pesky Ad Noise

By Richard Parris on June 23, 2010 in WANTED Analytics.

Have you ever called a client or prospect to talk about a job ad you found posted on a website only to be told they had no idea to which ads you were referring? I can assure you this has happened to anyone using online job ads as a lead source.

No Ad Noise

Keeping Clients on your Radar

By Richard Parris on June 16, 2010 in WANTED Analytics.

How much time do you spend checking up on clients to see if they are doing business elsewhere? Do you browse the web looking for their job postings? Do you call them and hope they volunteer the information? Do you wait until they call you with new business? If you have answered yes to any of these questions, you are not using your time effectively to pursue new business. But how do you make sure that existing clients stay on your radar?

This Week's Reading

By Juli Morris on June 11, 2010

News from the employment marketplace:

Making Sense of the Jobless Claims Numbers

Was the stimulus worth the cost? Prune and Grow

Reasons for Canadian Worker Loyalty Depend on Language

Unemployment Cartogram 1980-2009 ( Hat tip: The Big Picture)

June WSJ Economists Survey: Economists Expect Slow U.S. Growth

Weekly Initial Unemployment Claims at 456,000 (Calculated Risk)

International: Employers are becoming increasingly optimistic about hiring new workers

Oil cleanup: The next jobs program

Share the wealth! What are you reading?

WSJ Economists Predict Gain of 2.2 Million Jobs over Next Twelve Months

By Juli Morris on June 10, 2010 in Labor Market Dynamics.

Economists surveyed by the Wall Street Journal in June predict that the U.S. economy will gain an average of nearly 180,000 jobs per month over the next twelve months. This is a slight decline over last month's forecast of average monthly gains of 196,000 jobs. A year ago, the June 2009 survey forecast losses of 86, 000 per month.

Economists expect improvement in the unemployment rate to come slowly, despite the predicted gains. This month's survey forecasts a rate of 9.7 in June, up from April's 9.6 percent level, and a subsequent drop to 9.4 percent by the end of 2010. The December 2010 forecast has ranged between 9.3 to 9.6 percent over the past year. Growth in 2011 is expected to remain slow as well, with a rate of 9.0 percent in June 2011 and 8.6 percent in December.

Amid fears over the European debt crisis, job growth is still seen as a key factor in the economic recovery:

… 11 [economists surveyed] said the biggest downside risk was disappointing job growth in the U.S. In the U.S., the pace of job growth is key to the speed of the recovery. Twenty-two economists, a plurality of respondents, said the one development that could lead growth to exceed their forecasts in the second half is a pickup in hiring.

This month's Wall Street Journal survey of economists was conducted from June 4-8. Each month the WSJ asks economists to estimate the average monthly change in nonfarm payrolls over the next twelve months. That is, the monthly changes the BLS reports each month, for the next twelve months, divided by twelve.

How to Call Employers at the Right Time

By Richard Parris on June 10, 2010 in WANTED Analytics.

Although many companies are coming out of hiring freezes after a year of budget cuts, many are still a few months away from new fiscal years – and new budgets.

How do you deal with clients that tells you they are in a hiring freeze? How do you avoid hearing, “We’re not hiring right now”?

Preliminary report from BLS shows gain of 431,000 jobs in May

By Juli Morris on June 4, 2010 in BLS Nonfarm Employment.

Employment rose by 431,000 jobs in May, according to today's preliminary report from the Bureau of Labor Statistics. The May numbers include 411,000 temporary government jobs for the 2010 Census. These jobs will be lost in the second half of the year. Consensus estimates had predicted a gain of 540,000 jobs. The economy has shed 8.5 million jobs since the start of the recession in December 2007.

Jobs were added in manufacturing, temporary help services, and mining, while construction employment declined.

Along with the preliminary report for May, the BLS issued its Final Estimate of job gains for March at 208,000 jobs, down 22,000 from its revised estimate of 230,000. April's preliminary estimate remained unchanged at a gain of 290,000 jobs. One more revision for April may still occur.

The unemployment rate dropped to 9.7 percent from 9.9 percent; economists had predicted a smaller drop.

WANTED to provide monthly US Nonfarm Employment Forecast as an offline service

By Charles Thibault on June 3, 2010 in BLS Nonfarm Employment, S&P 500 - SPY, Unemployment Insurance Claims.

After more than a year of forecasting changes in US Nonfarm Employment using online job ad data, WANTED will no longer publish a free and publicly available forecast of monthly employment changes.

The monthly BLS Nonfarm Employment Forecast will now be made available as an offline service to new or existing WANTED Analytics™ subscribers. The monthly forecast will not be part of the standard subscription to the WANTED Analytics platform of applications – the Nonfarm Forecast is offered as a stand-alone product subject to its own service level agreement. Anyone interested in this service is invited to contact us.

WANTED will still provide guidance on US labor market dynamics on this blog through a monthly 'National Hiring Demand Outlook' article.

This decision is driven by three considerations:

Know who your people know – and who your people’s people know!

By Richard Parris on June 2, 2010 in WANTED Analytics.

WANTED Analytics™ incorporates LinkedIn®, the leading professional social network, into its suite of Apps. You can sign into your LinkedIn account from within Analytics to view any contacts you have at an employer. Analytics users are able to view anyone their contacts know at that company with up to 3 degrees of depth.

When viewing a posting or employer, click on the link in the contact pane and see your connections. You can click on the individual names to get more information and even view their profile on linkedin.com.

Having people you can use as a reference when contacting prospects is a surefire way to begin the conversation on a good note.

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