According to the exclusive data compiled by the CareerCast.com/JobSerf Employment Index research team, since September of 2008, there has been a rapid deterioration in the volume of jobs posted online. However, in April 2009, this trend appears to have bottomed out, and data from May 2009 shows a sharp increase. In fact, this jump recovers virtually all of the losses experienced over the past 3 months.
NOTE: Index scores are calculated against a base year of 2007, where job posting volume for each month of 2007 = 100 points. A score < 100 means that job posting volume in a given month was less than during the corresponding month in 2007, while a value > 100 means that it was higher.
- Table of Job Posting Index scores, Jan 2008 - May 2009:
|Index Month||Index Score||Monthly Change|
Though the recent increase is significant, examining total job posting trends over the past year reveals that the CareerCast.com/JobSerf Index is still down 39.2 points from its May 2008 value (95.8). In addition, given the current Index for May 2009 (56.6) and the 60% increase in unemployment over the past year, according to our research getting a job online is nearly three times more difficult than it was 12 months ago.
Improved job posting performance in May 2009 is a welcome change, but from the overall picture it's clear that a full recovery will continue to take time.
- Chart of Job Posting Index scores, 2008 - 2009: