Summer Swoon? Employment Activity Declines in July

Summer Swoon? Employment Activity Declines in July
wilted sunflower
CareerCast.com Mon, 07/30/2012 - 12:59
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CareerCast.com/JobSerf Employment Index

After a strong performance the month before, hiring experienced a summer swoon in July, as employment activity dropped by more than 1% across the U.S. Although this is the second year in a row that hiring has slowed in July, overall the CareerCast.com/JobSerf Emloyment Index is still up over 4% from the same period in 2011 – just the third 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.

Index Month Index Score Monthly Change
July 2012 102.5 -1.2
June 2012 103.7 +6.2
May 2012 97.5 -3.8
April 2012 101.3 -15.3
March 2012 116.9 +9.9
February 2012 107.0 +12.0
January 2012 95.0 -0.1
December 2011 95.1 -8.4
November 2011 103.5 -0.9
October 2011 104.4 +1.8
September 2011 102.6 -5.0
August 2011 107.6 +9.4
July 2011 98.2 -2.1
June 2011 100.3 -0.2
May 2011 100.5 -10.1
April 2011 110.6 +1.1
March 2011 109.5 +5.2
February 2011 104.3 +0.6
January 2011 103.7 +3.8
December 2010 99.9 -6.0
November 2010 105.9 +6.4
October 2010 99.5 -0.1
September 2010 99.6 -2.7
August 2010 102.3 -4.6
July 2010 106.9 +14.3
June 2010 92.6 +3.6
May 2010 89.0 -3.3
April 2010 92.3 +1.9
March 2010 90.4 +7.1
February 2010 83.3 +12.5
January 2010 70.8 -3.1
December 2009 73.9 +0.2
November 2009 73.7 +5.9
October 2009 67.8 -0.6
September 2009 68.4 -11.4
August 2009 79.8 +1.6
July 2009 78.2 +17.8
June 2009 60.4 +3.8
May 2009 56.6 +15.2
April 2009 41.4 -2.7
March 2009 44.1 -5.4
February 2009 49.5 -12.2
January 2009 61.7 -4.5
December 2008 66.2 -10.9
November 2008 77.1 +3.7
October 2008 73.4 -14.3
September 2008 87.7 -18.0
August 2008 105.7 +5.4
July 2008 100.3 -2.3
June 2008 102.6 +6.8
May 2008 95.8 +1.6
April 2008 94.2 -15.1
March 2008 109.3 +0.3
February 2008 109.0 +8.7
January 2008 100.3 +/-0

Employment activity across the U.S. has been relatively stagnant in recent months, remaining within a 7-point window since April. But despite this summer swoon, hiring in some U.S. regions continues to outpace the rest of the nation by a considerable margin.

Continue to the June 2012 Regional Hiring Report

Career Topics
Employment Trends

July 2012: Employment Activity by U.S. Region

July 2012: Employment Activity by U.S. Region

After seeing an across-the-board improvement the previous month, employment activity varied from region to region in July. The Southwest posted a 7.7-point increase to finish as the best U.S. region for managerial hiring, building on a lead it has maintained since March 2012. The Northeast, on the other hand, experienced a slight decrease in employment activity that sent the region back below 2007 levels after a brief improvement in June. And despite posting a 1.6-point increase, hiring in the West continued to trail the rest of the country, as the region posted an Index score of just 83.9– a full 10.2 points behind the 4th-place Southeast – for the month.

  • Regional Hiring Index, Jan 2008 - July 2012:
Index Month Northeast Southeast Midwest Southwest West
July 2012 98.4 94.1 102.4 120.2 83.9
June 2012 100.2 95.8 101.7 112.5 82.3
May 2012 88.8 81.7 96.1 106.1 77.2
April 2012 97.8 96.0 99.4 109.0 80.7
March 2012 111.9 110.7 107.5 117.4 87.7
February 2012 109.8 96.4 114.0 109.6 80.9
January 2012 95.5 82.3 93.0 100.2 74.8
December 2011 95.8 88.0 92.5 95.8 73.7
November 2011 105.3 99.6 96.6 105.6 84.5
October 2011 105.7 95.2 98.6 103.3 80.7
September 2011 98.2 96.7 107.4 105.5 85.0
August 2011 108.3 100.6 112.0 109.5 86.9
July 2011 104.2 94.4 101.5 109.0 84.5
June 2011 103.6 95.2 99.3 102.1 81.3
May 2011 105.1 98.7 101.5 111.6 85.6
April 2011 120.3 106.4 120.7 122.1 93.1
March 2011 123.1 109.0 113.2 105.5 87.9
February 2011 118.1 95.5 124.9 106.1 85.3
January 2011 114.3 90.7 112.1 117.3 87.4
December 2010 106.7 97.0 104.6 100.2 82.2
November 2010 100.4 100.1 103.6 112.6 91.6
October 2010 108.8 89.6 98.2 102.4 80.6
September 2010 102.0 91.8 102.0 103.9 84.8
August 2010 108.8 95.6 106.4 105.2 84.3
July 2010 111.7 100.6 101.9 103.5 88.6
June 2010 108.9 100.1 97.0 100.4 79.7
May 2010 98.6 89.2 89.4 102.9 77.5
April 2010 99.7 87.3 91.3 94.9 74.5
March 2010 94.1 85.6 86.3 97.5 71.3
February 2010 94.3 79.4 95.8 88.6 70.9
January 2010 85.0 66.4 76.8 84.8 63.6
December 2009 84.8 76.0 75.1 79.3 67.6
November 2009 84.5 74.7 68.2 77.7 69.5
October 2009 78.0 66.6 62.1 73.7 63.8
September 2009 75.6 69.1 65.1 75.4 64.5
August 2009 92.0 83.3 80.4 86.3 73.7
July 2009 87.5 80.3 72.4 88.1 75.0
June 2009 68.6 64.4 60.9 69.4 55.9
May 2009 67.0 61.8 53.1 66.9 51.7
April 2009 46.0 42.5 40.4 47.5 40.1
March 2009 48.1 45.8 39.0 51.6 45.2
February 2009 51.7 50.4 46.6 54.4 50.5
January 2009 66.0 58.5 56.6 70.8 62.6
December 2008 69.7 69.9 59.8 71.8 66.3
November 2008 81.1 76.8 72.7 81.6 78.3
October 2008 75.1 71.5 71.1 79.0 75.2
September 2008 87.0 82.9 86.8 97.8 93.3
August 2008 109.0 102.5 105.8 115.2 109.4
July 2008 106.6 96.4 107.7 111.1 96.3
June 2008 108.0 101.2 100.4 111.7 103.0
May 2008 100.0 97.2 92.2 103.8 97.0
April 2008 98.3 92.3 96.7 99.6 95.5
March 2008 115.2 113.1 108.3 119.3 107.7
February 2008 114.5 105.0 133.6 117.3 105.3
January 2008 101.2 94.6 103.3 113.5 100.3

Continue to the July 2012 Job Title Report

CareerCast.com Mon, 07/30/2012 - 17:42

July 2012: Employment Activity by Job Title

July 2012: Employment Activity by Job Title

Mirroring the regional trend, managerial hiring across job titles varied greatly in July. Despite posting the lowest Index score overall (59), C-Level was the only job title to show an improvement for the month. And while Manager level hiring continued to lead all other titles measured by the CareerCast.com/JobSerf Employment Index, demand actually fell for the second time since May.

  • Hiring by Job Title, Jan 2008 - July 2012:
Index Month C-Level VP Level Director Level Manager Level
July 2012 59 104 94 114
June 2012 57 104 97 115
May 2012 54 100 91 108
April 2012 65 103 96 109
March 2012 60 119 104 133
February 2012 66 109 98 118
January 2012 65 86 92 104
December 2011 52 107 83 106
November 2011 71 97 95 108
October 2011 60 128 96 110
September 2011 66 104 94 113
August 2011 78 93 96 123
July 2011 66 85 91 111
June 2011 70 87 92 113
May 2011 62 93 87 116
April 2011 89 104 105 119
March 2011 104 113 95 118
February 2011 106 104 97 109
January 2011 111 79 105 108
December 2010 71 97 95 108
November 2010 72 113 104 110
October 2010 76 114 98 100
September 2010 81 114 99 99
August 2010 86 115 101 103
July 2010 104 105 105 109
June 2010 77 86 90 98
May 2010 75 88 84 94
April 2010 76 88 91 97
March 2010 68 89 87 96
February 2010 70 77 80 89
January 2010 60 48 83 71
December 2009 57 68 80 74
November 2009 57 68 81 73
October 2009 62 65 77 64
September 2009 63 63 76 66
August 2009 90 75 88 75
July 2009 81 66 85 77
June 2009 74 52 66 57
May 2009 65 50 63 53
April 2009 31 31 48 42
March 2009 22 33 50 47
February 2009 28 37 56 52
January 2009 38 38 75 63
December 2008 35 48 74 71
November 2008 47 56 86 82
October 2008 58 74 81 71
September 2008 82 81 91 88
August 2008 81 100 107 110
July 2008 78 82 111 102
June 2008 110 87 109 101
May 2008 123 83 102 91
April 2008 105 87 98 92
March 2008 102 108 111 110
February 2008 117 122 110 104
January 2008 111 84 107 99

After a similar July swoon in 2011, employment activity rebounded strongly the following month, as the index gained 9.4 points to reach its third-highest score of the year. Whether this August will also bring an end to the summer swoon of 2012 remains to be seen.

CareerCast.com Mon, 07/30/2012 - 18:12