CareerCast.com/JobSerf Employment Index
While the holiday season is typically a slow period for hiring, November saw a surprising lift in overall employment activity, jumping 9% for the month. In December, however, the job market has returned to form – overall employment activity in the U.S. fell 5.6% for the month to an Index score of 99.9. Though just 0.4 points above September’s score, the overall CareerCast.com/JobSerf Employment Index is still a full 26 points higher than it was in December of 2009, indicating a substantial job market recovery over the past year.
What does an overall Index score of 99.9 for December mean? 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. 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 34 months, the CareerCast.com/JobSerf Index peaked in March 2008 with an index score of 109.3, or 9.3 points better than in March 2007. This month's score of 99.9, on the other hand, means that while employment activity has fallen back below 2007 levels for second time in the last three months.
- USA Hiring Index Table, Jan 2008 - Dec 2010:
|Index Month||Index Score||Monthly Change|
After reaching a high of 106.9 in July, employment activity declined steadily until November, when a sudden surge put hiring on pace to finish the 2010 at its highest point in over two years. Instead, December’s decline means that employment activity will once again finish below 2007 levels for the third year in a row. However, overall employment activity in the U.S. still grew by 29.1 points over the course of 2010, or more than 40%.
Next Page: December Employment Activity by U.S. Region