Employment Activity Drops Sharply in December
CareerCast.com/JobSerf Employment Index
As the holiday bustle rose in December, hiring levels fell 8.4 points, according to the CareerCast.com/JobSerf Employment Index. This seasonal decline landed the employment index at 95.1 in December and -4.8 points behind activity levels of last December. The overall index is still trending positively as managerial hiring activity is nearly 30 points higher than it was in December, 2008.
How do we determine these numbers?
The CareerCast.com/JobSerf 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 95.1 for December 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. The CareerCast.com / JobSerf Index is lower at 95.1 than it was in December of 2007.
- USA Hiring Index Table, Jan 2008 - December 2011:
|Index Month||Index Score||Monthly Change|
Although the drop in job activity across the country seems to match with historically slow hiring levels in December, the index hit its lowest level in 18-months to 95.1. This drop could be a result of the prolonged budget discussion by Congress, which had a direct effect on Federal hiring.
Year-over-year hiring is still trending much higher with a gain of 21.2 points from 2009 and 28.9 in 2008. April saw the highest index level of 110.6 for 2011 and for the history of the CareerCast.com/JobSerf Employment report.
Continue to the December 2011 Job Title Hiring Report