Hiring Activity Drops by 10% in May
- CareerCast.com/JobSerf Employment Index May 2011
- May Hiring Overall
- May Hiring by Job Title
- May Hiring by City
- May Hiring by Region
For the first time this year, most cities across the nation saw a decline in hiring activity. Riverside, Calif., Houston and Nashville were the only cities in the CareerCast.com/JobSerf Employment Index that experienced an increase in job growth in May. Overall the employment index lost 10.1 points, falling to 100.5 points, the largest decrease in the past 20 months.
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 100.5 for May 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 41 months, the CareerCast.com/JobSerf Index is higher at 100.5 than in May of 2007.7
- USA Hiring Index Table, Jan 2008 - May 2011:
|Index Month||Index Score||Monthly Change|
Despite the first decline in employment activity in all regions in 2011, job prospects remain significantly higher than in previous years. The average USA Hiring Index for May is 100.5, up 11.5 points from May 2010.
Continue to the May 2011 Regional Hiring Report