March Brings Big Gains For Employment

March Brings Big Gains For Employment
Anonymous Wed, 03/27/2013 - 16:11
Author
CareerCast.com/JobSerf

White collar managerial hiring continued its strong recovery in March, according to the CareerCast.com/JobSerf Employment Index, which gained 12.5 points from February. The continued hiring gains translate to an overall score of 116.4, the Index's second highest level in more than five years.

Much like February, the long-term sustainability of recent job market improvements is evident when examined through regional hiring.

“Only a few cities showed declines, and very small ones at that,” says JobSerf CEO Jay Martin.

Hiring across a wide range of cities demonstrates nationwide growth, rather than the select hiring we've seen in past months.

 

Washington, D.C., was long the index’s forerunner, maintaining a high hiring level amid economic turbulence. The nation’s capital is still near the top – but is no longer the top.

“The budget battle appears to have dethroned Washington, D.C., with Boston taking the lead in hiring for the first time ever,” Martin says.

Boston’s steady climb began in November at 140 points and reached 165 points in March. Beantown’s hiring improvements this month hit 9%, among the more impressive gains for the month. Only Memphis at a growth rate of 10%, San Francisco at 13% and Riverside at 16% were higher.

“Tech and biotech have been major drivers, with Boston and San Francisco registering huge gains in job growth,” Martin says.

Another factor helping shape March’s employment gains is the stock market. Rebounds on Wall Street in March led to new record highs for the Dow Jones Industrial average. Historically, the job market’s strength has coincided with that of the stock market and that is indeed reflected in the March index.

How do we determine these numbers?

The CareerCast.com/JobSerf Employment Index calculates the number of available managerial job openings each month by surveying a 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 116.4 for March 2013 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 56 months, the CareerCast.com/JobSerf Index is higher at 116.4 than in March 2007. 

Career Topics
Employment Trends

March 2013 Employment By Region

March 2013 Employment By Region

For a second consecutive month, each of the five regions of the country showed improvement. Hiring gains were considerable across all five as well.

The Midwest was the slowest at 2.3 points, but at 118.2, it ranks just behind the Northeast (119.7) and Southwest (119.3) for best overall.

The Southwest’s 9.1-point improvement is second to the Southeast at 18.1-point hiring gains. The 10% improvement in Memphis helped set the Southeast’s tone.

While there was across-the-map managerial hiring gains, a cause for concern is the West’s continued sluggishness compared to the rest of the nation. The region improved by 6.5 points, thanks largely to San Francisco. But at 86.3 points overall, the West is nearly 30 points behind the Southeast, the next lowest region.

The recession impacted hiring in such cities as Riverside, Los Angeles and San Diego. Each is growing slowly, and Riverside’s 29 points is the lowest among all the cities scored despite its substantial gain.

 

Index Month Northeast Southeast Midwest Southwest West
March 2013 119.7 115.5 118.2 119.3 86.3
February 2013 113.0 97.4 115.9 110.2 79.8
January 2013 100.9 97.2 95.3 100.4 76.5
December 2012 99.4 91.9 98.2 103.5 77.8
November 2012 101.8 92.7 103.4 108.4 84.7
October 2012 105.8 93.3 106.4 109.9 79.3
September 2012 95.4 92.4 100.4 108.2 81.4
August 2012 103.9 99.0 104.5 113.2 83.6
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 reading for analysis of how individual job titles fared in March hiring.

Anonymous Wed, 03/27/2013 - 16:26

March 2013 Employment By Job Title

March 2013 Employment By Job Title

Managerial-level hiring boomed in March with a 22-point gain in the index. Employment for manager level candidates now reaches 145. Its growth paced improvements across three of the four white collar sectors.

“Manager level is at a record, [and] drove the entire rise of hiring in March,” Martin says. Director level gained three points, and VP improved by seven to overtake director. Only C-Level hiring dipped in March, down to 58 points from 65 in February.

 

Index Month C-Level VP Level Director Level Manager Level
March 2013 58 94 93 145
February 2013 65 87 90 123
January 2013 60 72 94 114
December 2012 56 79 84 115
November 2012 56 87 88 117
October 2012 70 120 96 118
September 2012 65 107 92 115
August 2012 65 118 99 114
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

 

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Anonymous Wed, 03/27/2013 - 16:39