Employment Reaches A Five-Year High In May

Employment Reaches A Five-Year High In May
CareerCast.com Wed, 05/22/2013 - 13:13
Author
CareerCast.com/JobSerf

Managerial hiring in May improved to a five-year high, and regions sorely needing good job market news got it, according to the latest CareerCast.com/JobSerf Employment Index.

A 3.5-point gain bumped the index to 118.4, its all-time high watermark since its introduction in 2008. The current score is also 20.9 points above its level of a year ago.

Two of the past three months have yielded impressive managerial employment gains, and every month of 2013 with the exception of April has shown month-to-month improvement.

JobSerf CEO Jay Martin credits the ongoing budget sequestration to the positive hiring activity. Since its outset on March 1, various economic factors have shown improvement. In addition to managerial hiring, the Dow Jones Industrial Average has reached record highs.

 

The positive trend before summer deviates from precedent. In each of the past three years, May employment numbers have dropped from April. This year’s gains are the first in May since 2009, when the job market was reeling at the height of the economic recession.

 

Buoying the month’s gains for white-collar employment was a substantial hiring increase in the Western U.S.

“The West appears to be having a nice rebound with all California cities and Phoenix showing impressive gains,” Martin says. “Though other indicators show moderate hiring weakness, online job postings counts for managerial positions continue at strong levels.”

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 118.4 for May 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 118.4 than in May 2007.

 

Career Topics
Employment Trends

May 2013 Employment By Region

May 2013 Employment By Region

The West’s considerable employment improvement brings the region to its highest level since April 2011. The current 90.2 score is just 2.9 points below that threshold, while the 10.6-point jump is second only to an 11-point gain in Nov. 2010.

Seattle and San Francisco were the region’s two pace setters, gaining 16 and 11 points. Their improved hiring numbers point to increases in IT employment.

Seattle’s 14% employment increase was May’s highest among all cities tracked by the Employment Index, though Phoenix was not far behind at 12%.

Phoenix was one of three cities in the Southwest region with double-digit percent growth in May. Both Houston and Dallas showed increases of 11%.

Atlanta was another high growth city in May, jumping 11 points. The Southeast’s regional gain was 3.1 points thanks in part to Atlanta, though Memphis suffered the most dramatic dip of any city in the nation.

“Memphis fell backwards [seven points], show[ing] recent gains to be anomalies,” Martin says. 

 

Index Month Northeast Southeast Midwest Southwest West
May 2013 117.1 105.1 121.2 127.6 90.2
April 2013 120.5 102.0 120.1 124.0 79.6
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 May hiring.

CareerCast.com Wed, 05/22/2013 - 15:02

May 2013 Employment By Job Title

May 2013 Employment By Job Title

 Three of the four levels of managerial hiring showed increases in May, and the fourth remained steady from its April mark.

 

Up 16 points from April to 79 points, C-Level manager hiring was at its best in two years. Both VP and Manager levels rose four points to 100 and 141. Director level held steady at 99 points. 

Index Month C-Level VP Level Director Level Manager Level
May 2013 79 100 99 141
April 2013 63 96 99 137
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

 

Read the Jobs Rated 2013 200 Best & Worst Jobs

 

CareerCast.com Wed, 05/22/2013 - 14:04