By CareerCast.com/JobSerf Employment Index
CareerCast.com/JobSerf Employment Index
Employment activity fell across the U.S. in September, dipping nearly 3% to an Index score of 99.6 overall. This is the second straight month of negative national employment activity after the job market reached a high of 106.9 in July. While this decline is relatively minor, it does push the overall rate of job growth back below 2007 levels for the first time since June, and means that unemployment is unlikely to decrease in the immediate future. That said, even though the last two months have shown a decrease in hiring, the CareerCast.com/JobSerf Index is still trending 31.2 points higher than September of last year, and 11.9 points higher than in 2008. The 2010 Index has performed better coming out of the summer months than either of the last two years, highlighting the significant gains in employment activity that have occurred since January.
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To determine monthly employment activity, the CareerCast.com/JobSerf Index surveys the volume of managerial job openings available online across the U.S., as well as the regions, job titles and major cities with the highest number of employment opportunities per capita. Results are determined using proprietary employment data from a wide range of local and national job boards, which is hand-counted and checked for duplication by a team of researchers. What does an overall Index score of 99.6 for September 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. Over the past 33 months, the CareerCast.com/JobSerf Index peaked in March 2008 with an index score of 109.3, or 9.3 points better than in March 2007. This month's score of 99.6, on the other hand, means that after two months of improved performance, employment activity is once again below 2007 levels, trailing the base measurement by 0.4 points.