Hiring Demand by Fortune 1000 companies is down 30.1%, compared to the same 90-day period last year, according to data sourced from WANTED's Fortune 1000 Report. This is an improvement over measurements taken at the end of Q1, where Hiring Demand was down 37.7% on a year-over-year basis.
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.
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.
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.