By CareerCast.com/JobSerf Employment Index
Employment Activity Drops 3.8-points
CareerCast.com/JobSerf Employment Index
For the second month in a row, hiring activity across the U.S. lost ground, according to the CareerCast.com/JobSerf Job activity fell 3.8 points to end at 97.5 and lost all of the ground that was gained in February and March. The overall index is also down by 3-points from last May, however, it is still trending positively as managerial hiring activity is nearly 41-points higher than it was in May, 2009, a hopeful sign of the long-term recovery in the job market.
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 97.5 for May 2012 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 lower at 97.5 than it was May of 2007.
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While the employment index has lost ground the past two months, hiring in March had surged to the highest level ever in the indexes history of 116.9. April of 2009 was when the hiring index was at its lowest point of 41.4 points.
Continue to the May 2012 Regional Hiring Report
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