December 2011: Hiring Levels DropDecember 2011: Hiring Levels Drop
Employment Activity Drops Sharply in December
CareerCast.com/JobSerf Employment Index
As the holiday bustle rose in December, hiring levels fell 8.4 points, according to the CareerCast.com/JobSerf Employment Index. This seasonal decline landed the employment index at 95.1 in December and -4.8 points behind activity levels of last December. The overall index is still trending positively as managerial hiring activity is nearly 30 points higher than it was in December, 2008.
How do we determine these numbers?
The CareerCast.com/JobSerf 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 95.1 for December 2011 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. The CareerCast.com / JobSerf Index is lower at 95.1 than it was in December of 2007.
- USA Hiring Index Table, Jan 2008 - December 2011:
|Index Month||Index Score||Monthly Change|
Although the drop in job activity across the country seems to match with historically slow hiring levels in December, the index hit its lowest level in 18-months to 95.1. This drop could be a result of the prolonged budget discussion by Congress, which had a direct effect on Federal hiring.
Year-over-year hiring is still trending much higher with a gain of 21.2 points from 2009 and 28.9 in 2008. April saw the highest index level of 110.6 for 2011 and for the history of the CareerCast.com/JobSerf Employment report.
Continue to the December 2011 Job Title Hiring Report
December 2011: Employment Activity by Job TitleDecember 2011: Employment Activity by Job Title CareerCast.com Wed, 12/28/2011 - 12:59
December 2011: The 10 Best and Worst Cities to Find a JobDecember 2011: The 10 Best and Worst Cities to Find a Job
While hiring from city-to-city varied in December, Memphis (+19%), Tampa (+16%), and Miami (+19%) saw the job market heating up with double digit gains in hiring levels. Washington, D.C., a strong employment stalwart, dropped dramatically with a 26-point slide to 139, its lowest level since December 2010. New York City (-8%), Chicago (-6%) and Milwaukee (-8%) also saw hiring opportunities decline in December.
To determine the cities with the 10 best and worst job markets each month, the CareerCast.com/JobSerf Index surveys 30 different major metro areas across the U.S. for per capita job availability. Rather than simply reporting the cities with the most and least jobs, the Index measures the number of job openings relative to population. This gives a more complete picture of how easy (or difficult) it is to get a new job in each metro area.
Want to know where the jobs are right now? Check out December 2011’s 10 Best Cities for Finding a New Job:
Continue to December’s 10 Worst Cities to Find a Job
December 2011: The 10 Worst Cities to Find a JobDecember 2011: The 10 Worst Cities to Find a Job
As employment shows signs of recovery, there are still pockets of cities where the turnaround is much slower.
If you want to relocate but are worried about moving to a bad job market, take note of these metro areas, which make up December 2011’s 10 Worst Cities to Find a Job: