June 2012: Employment Activity ReboundsJune 2012: Employment Activity Rebounds
- CareerCast.com/JobSerf Employment Index June 2012
- June Hiring Overall
- June Hiring by Job Title
- June Hiring by City
- June Hiring by Region
After losing ground for the past two months, managerial hiring activity across the U.S. improved by 6.2 points in June, according to the CareerCast.com/JobSerf Employment Index. While this is below its peak of 116.9 reached in March of this year, the Index’s overall score of 103.7 represents a 9% improvement since the beginning of 2012 – a step in the right direction for the weak U.S. job market.
Last month also saw a year-over-year increase in managerial hiring, posting a 3.4-point improvement compared to June 2011. This is just the second time in 2012 that managerial hiring activity has been better than last year.
How do we determine these employment activity numbers?
The CareerCast.com/JobSerf Employment Index calculates the number of available managerial job openings each month by surveying wide range of local and national job boards across the U.S, with all results hand-counted and checked for duplication by a team of researchers. What does an overall Index score of 103.7 for June 2012 mean? The Index measures employment activity against a base score of 100, which represents the volume of job openings during the same period in 2007. A score higher than 100 means that there are more available jobs than in 2007, while one below 100 means that job seekers now have fewer opportunities available.
- USA Hiring Index Table, Jan 2008 - June 2012:
|Index Month||Index Score||Monthly Change|
While June’s Employment Index score of 103.9 is only slightly higher than it was in 2007, this represents the fourth time this year that managerial hiring activity has been above pre-recession levels – a welcome sign in a sluggish economy. That said, breaking down hiring activity by region reveals that some areas of the U.S. still lag behind the rest.
Continue to the June 2012 Regional Hiring Report
June 2012: Employment Activity by U.S. RegionJune 2012: Employment Activity by U.S. Region
Mirroring the national trend, employment activity improved across all U.S. regions in June. The Southeast fared the best, gaining 14.1 points for the month, while the West posted the weakest performance with just a 5.1-point increase. The West continues to struggle compared to the rest of the country, and is the only U.S. region that still hasn’t returned to pre-recession hiring levels. That said, the only region to post a year-over-year decline in hiring activity was the Northeast, which saw managerial hiring drop by 3.4 points compared to June of 2011.
- Regional Hiring Index, Jan 2008 - June 2012:
Continue to the June 2012 Job Title Report
June 2012: Employment Activity by Job TitleJune 2012: Employment Activity by Job Title
As with national and regional employment activity, hiring improved across all managerial job titles in June. Manager level hiring fared the best, posting the both largest gain for the month (7 points) and the highest overall Index Score (115 points). Demand for C-Level candidates continues to be low across the country, as job title only managed a 3-point increase in hiring activity for the month, to an overall score of 57.
- Hiring by Job Title, Jan 2008 - June 2012:
|Index Month||C-Level||VP Level||Director Level||Manager Level|
June 2012: The 10 Best (and Worst) Cities for Finding a JobJune 2012: The 10 Best (and Worst) Cities for Finding a Job
Of the 30 metro areas measured by the CareerCast.com/JobSerf employment index, those in the Northeast saw the most managerial hiring activity in June. Boston (+16%), Philadelphia (+11%), New York (+10%) and Pittsburgh (+10%) all saw double-digit gains in per-capita hiring, and all finished within the top 15 cities for job seekers. This mirrors the Northeast region as a whole, which saw a 13% gain in employment activity for the month.
“All cities showed minor increases in activity due to a weak employment market in May,” says Jay Martin, COO, JobSerf. “We are encouraged by this glimmer of good news.”
To determine the cities with the 10 best and worst job markets each month, the CareerCast.com/JobSerf Index surveys 30 different major metro areas across the U.S. for per capita job availability. Rather than simply reporting the cities with the most and least jobs, the Index measures the number of job openings relative to population. This gives a more complete picture of how easy (or difficult) it is to get a new job in each metro area.
Want to know where the jobs are? These metro areas made up the 10 best cities to find a job in June 2012:
June 2012: The 10 Worst Cities to Find a JobJune 2012: The 10 Worst Cities to Find a Job
National hiring activity for managerial positions may have improved last month, but unfortunately not all areas of the U.S. benefitted. Outside of the Northeast, only Memphis (+12%) managed to post a double-digit gain in per capita hiring, but the home of Graceland still finished as just the 29th best city to find a job in June.
If you’re planning a relocation to a better job market, take note – you might want to avoid the following metro areas, which make up the 10 worst cities to find a job in June, 2012: