Job posting activity continued to increase in June 2009, indicating that a bottom may have been reached in April, when the volume of available positions fell to an Index score of just 41.4. However despite the recent recovery, June’s score of 60.4 is still 42.2 points lower than it was a year ago, meaning it will require significantly more growth before the number of job listings online returns to 2007 – 2008 levels.
NOTE: The CareerCast.com/JobSerf Employment Index calculates all Index scores against a base year of 2007, where the number of job listings available online during each month of 2007 = 100 points. A score < 100 means that the number of job listings in a given month is less than were online during the same month in 2007, while a value > 100 means that more jobs are available during that month than were in 2007.
- Table of Job Posting Index scores, Jan 2008 - June 2009:
|Index Month||Index Score||Monthly Change|
Looking at the Index since the beginning of last year, while the increase in job posting in May nearly wiped out the previous three months of losses, June saw only about 1/3 as much activity, meaning that getting a job online is still three times more competitive than it was a year ago. Given the continued rise in unemployment, data from the CareerCast.com/JobSerf Employment Index indicates that if the number of available jobs doesn’t increase significantly, this current recovery will do little to improve the overall job market.
- Chart of Online Job Posting Volume, Jan 2008 - June 2009: