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New Index Tracks Managerial Hiring Activity -
Salaried Job Openings Improved in May
(June 4, 2009)
The CareerCast.com/ JobSerf Employment Index, a new hiring index that measures managerial recruitment activity across the United States, found that the number of job openings for C-level, VP, Director and Managerial candidates improved last month for the first time since November. Yet even with the May hike, managerial job listings have fallen 41% in the past 12 months.
The CareerCast.com/JobSerf Employment Index found that the number of executive and management-level job openings posted online had an index value of 56.6 in May 2009, up from 41.4 in April 2009. Compared to the May 2008 index of 95.8, the new reading shows how far online job listings have fallen in the past year.
"We are encouraged by the latest data, which showed a healthy uptick in demand for managers and executives last month," says Tony Lee, publisher, CareerCast.com. "This positive trend could be the beginning of a reversal of our economic downturn as companies find that they can't wait any longer to recruit for vacant managerial positions."
The Car eerCast.com/JobSerf Employment Index is an exclusive barometer showing the change in managerial job openings posted online nationally. The Index reveals the differences in job listings by month, and offers valuable trends and forecasts using proprietary employment data gathered by a team of researchers.
"Since last September, there had been a rapid deterioration of the volume of jobs online," says Jay Martin, JobSerf's chairman. "However, May's gain in the Index showed an almost complete recovery of the past three months of losses, and in the Northeast and Southeast, job-posting activity is already back to the same levels they were in January."
The slowest regions of the country to recover have been the Midwest and Western states, which have seen only about 60% of the gains experienced by the rest of the nation. In comparing metropolitan areas, the Washington, D.C. area remained the highest of the major cities the Index evaluates, reporting about eight times as many job listings online per capita as compared to Detroit, which had the lowest.
To read the full report or for more information, visit www.CareerCast.com.
CareerCast.com, created by Adicio, is a job search portal that offers extensive local, niche and national job listings from across North America, as well as job-hunting, career-management and HR-focused editorial content, videos and blogs, and provides recruiters with the ability to post jobs directly to more than 500 niche career sites.
JobSerf, Inc. is a privately held Texas-based corporation that pioneered the job search outsourcing (JSO) industry with its revolutionary 'Find & Apply' service. The company's patent-pending process provides for an affordable means for non-U.S. based professionals to both 'find & apply' to jobs on behalf of clients. For more information, visit the website at www.jobserf.com.
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