February 2011: National Employment Activity Enjoys Slight Increase

February 2011: National Employment Activity Enjoys Slight Increase

careercast.com jobserf employment index
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CareerCast.com/JobSerf Employment Index

Employment activity across the U.S. remained stagnant in February, increasing by 0.6 points to a CareerCast.com/JobSerf Employment Index score of 104.3. While this is the second straight month that hiring has remained above the Index's base score of 100, the lack of progress over the past month means that hiring won't make a noticeable dent in unemployment until the fall, at the earliest.

What does an overall Index score of 104.3 for February mean? The CareerCast.com/JobSerf Employment Index calculates the number of available managerial job openings each month by surveying a 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. 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.

  • Table of U.S. Hiring, Jan 2009 - Feb 2011:
Index Month Index Score Monthly Change
February 2011 104.3 +0.6
January 2011 103.7 +3.8
December 2010 99.9 -6.0
November 2010 105.9 +6.4
October 2010 99.5 -0.1
September 2010 99.6 -2.7
August 2010 102.3 -4.6
July 2010 106.9 +14.3
June 2010 92.6 +3.6
May 2010 89.0 -3.3
April 2010 92.3 +1.9
March 2010 90.4 +7.1
February 2010 83.3 +12.5
January 2010 70.8 -3.1
December 2009 73.9 +0.2
November 2009 73.7 +5.9
October 2009 67.8 -0.6
September 2009 68.4 -11.4
August 2009 79.8 +1.6
July 2009 78.2 +17.8
June 2009 60.4 +3.8
May 2009 56.6 +15.2
April 2009 41.4 -2.7
March 2009 44.1 -5.4
February 2009 49.5 -12.2
January 2009 61.7 -4.5
December 2008 66.2 -10.9
November 2008 77.1 +3.7
October 2008 73.4 -14.3
September 2008 87.7 -18.0
August 2008 105.7 +5.4
July 2008 100.3 -2.3
June 2008 102.6 +6.8
May 2008 95.8 +1.6
April 2008 94.2 -15.1
March 2008 109.3 +0.3
February 2008 109.0 +8.7
January 2008 100.3 +/-0

 

Regionally, the Midwest made the largest gains in employment activity this month, reaching the highest level of any region in almost three years. However, the Western and Southeastern regions continue to trail behind the rest of the country.

  • Table of U.S. Hiring By Region, Jan 2008 - Feb 2011:
Index Month Northeast Southeast Midwest Southwest West
February 2011 118.1 95.5 124.9 106.1 85.3
January 2011 114.3 90.7 112.1 117.3 87.4
December 2010 106.7 97.0 104.6 100.2 82.2
November 2010 100.4 100.1 103.6 112.6 91.6
October 2010 108.8 89.6 98.2 102.4 80.6
September 2010 102.0 91.8 102.0 103.9 84.8
August 2010 108.8 95.6 106.4 105.2 84.3
July 2010 111.7 100.6 101.9 103.5 88.6
June 2010 108.9 100.1 97.0 100.4 79.7
May 2010 98.6 89.2 89.4 102.9 77.5
April 2010 99.7 87.3 91.3 94.9 74.5
March 2010 94.1 85.6 86.3 97.5 71.3
February 2010 94.3 79.4 95.8 88.6 70.9
January 2010 85.0 66.4 76.8 84.8 63.6
December 2009 84.8 76.0 75.1 79.3 67.6
November 2009 84.5 74.7 68.2 77.7 69.5
October 2009 78.0 66.6 62.1 73.7 63.8
September 2009 75.6 69.1 65.1 75.4 64.5
August 2009 92.0 83.3 80.4 86.3 73.7
July 2009 87.5 80.3 72.4 88.1 75.0
June 2009 68.6 64.4 60.9 69.4 55.9
May 2009 67.0 61.8 53.1 66.9 51.7
April 2009 46.0 42.5 40.4 47.5 40.1
March 2009 48.1 45.8 39.0 51.6 45.2
February 2009 51.7 50.4 46.6 54.4 50.5
January 2009 66.0 58.5 56.6 70.8 62.6
December 2008 69.7 69.9 59.8 71.8 66.3
November 2008 81.1 76.8 72.7 81.6 78.3
October 2008 75.1 71.5 71.1 79.0 75.2
September 2008 87.0 82.9 86.8 97.8 93.3
August 2008 109.0 102.5 105.8 115.2 109.4
July 2008 106.6 96.4 107.7 111.1 96.3
June 2008 108.0 101.2 100.4 111.7 103.0
May 2008 100.0 97.2 92.2 103.8 97.0
April 2008 98.3 92.3 96.7 99.6 95.5
March 2008 115.2 113.1 108.3 119.3 107.7
February 2008 114.5 105.0 133.6 117.3 105.3
January 2008 101.2 94.6 103.3 113.5 100.3

 

Regional hiring in February saw some surprising changes. After posting January's biggest gain, C-level hiring declined last month with a five point loss. Director-level hiring also declined in February, posting an eight point loss and wiping out most of the gains seen in January. On the other hand, after suffering a six-point loss in January, VP-level hiring bounced back with a 25-point gain for the month.

  • Table of U.S. Hiring by Job Title, Jan 2008 - Jan 2011:
Index Month C-Level VP Level Director Level Manager Level
February 2011 106 104 97 109
January 2011 111 79 105 108
December 2010 71 97 95 108
November 2010 72 113 104 110
October 2010 81 114 98 100
September 2010 76 114 98 100
August 2010 86 115 101 103
July 2010 104 105 105 109
June 2010 77 86 90 98
May 2010 75 88 84 94
April 2010 76 88 91 97
March 2010 68 89 87 96
February 2010 70 77 80 89
January 2010 60 48 83 71
December 2009 57 68 80 74
November 2009 57 68 81 73
October 2009 62 65 77 64
September 2009 63 63 76 66
August 2009 90 75 88 75
July 2009 81 66 85 77
June 2009 74 52 66 57
May 2009 65 50 63 53
April 2009 31 31 48 42
March 2009 22 33 50 47
February 2009 28 37 56 52
January 2009 38 38 75 63
December 2008 35 48 74 71
November 2008 47 56 86 82
October 2008 58 74 81 71
September 2008 82 81 91 88
August 2008 81 100 107 110
July 2008 78 82 111 102
June 2008 110 87 109 101
May 2008 123 83 102 91
April 2008 105 87 98 92
March 2008 102 108 111 110
February 2008 117 122 110 104
January 2008 111 84 107 99

 

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