By CareerCast.com/JobSerf Employment Index
CareerCast.com/JobSerf Employment Index
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.
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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