Employment Activity Surges in August
CareerCast.com/JobSerf Employment Index
As summer ends and kids head back to school, more Americans are also heading into new jobs, according to the CareerCast.com/JobSerf Employment index. Employment activity ended at 107.6, a jump of 9.4 points from July and the highest level since April 2011. Although this jump in hiring activity is a positive step, analysts are cautionary. “The effects of the current economic uncertainty may not be fully understood until later in the year,” says JobSerf COO, Jay Martin.
How do we determine these 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 107.6 for August 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. Over the past 44 months, the CareerCast.com/JobSerf Index is higher at 107.6 than in August of 2007.
- USA Hiring Index Table, Jan 2008 - August 2011:
|Index Month||Index Score||Monthly Change|
In a traditionally slow hiring month, August saw a nice jump of 9.4 points in hiring activity. This is the biggest monthly increase in 13 months. This month’s increase is 5.3 points more than last August and a whopping 29.4 increase since August 2009.
Continue to the August 2011 Regional Hiring Report