Double Digit Hiring Gains in Memphis, Tampa, and Miami, Losses in Washington, D.C., Says New CareerCast.com/JobSerf Employment Index
CARLSBAD, CA/RICHARDSON, TX (December 29, 2011) – Managerial recruitment activity had a slight loss of 8.4 points in December, according to the new CareerCast.com/JobSerf Employment Index. The December 2011 Index, which measures managerial hiring activity online, fell to 95.1 from November 2011, but is nearly 30 points higher than the December 2008 Index.
Washington, D.C., which has been the leader in managerial hiring since the Index launched, fell dramatically in December, with a 16% loss in hiring activity. New York City and Milwaukee each saw an 8% loss.
“The prolonged budget discussions by Congress had a direct effect on Federal hiring, and it was negative,” says Tony Lee, publisher, CareerCast.com. “Hopefully, we’ll see that hiring activity return in the first quarter.”
Although Memphis had high hopes for a speedy economic recovery in 2011, they were tempered by generally modest results, with an upswing in hiring at year-end.
“While the Index had an overall decline, Memphis saw a 19% increase in hiring activity this month,” says Jay Martin, COO, JobSerf. “Florida also saw a rebound in December, with hiring activity increasing 16% in both Miami and Tampa.”
New York City’s financial sector downfall had a ripple effect on the entire economy, causing job losses in virtually every other sector of local employment, notes Going Global, a provider of employment, career and culture resources. Even those who held on to their jobs this year earned less money, as the recently unemployed reined in spending.
The CareerCast.com/JobSerf Employment Index per capita hiring levels for U.S. cities in December are:
Washington, D.C. – 139
Boston – 123
San Francisco – 106
Seattle – 98
Baltimore – 82
Atlanta – 79
Nashville - 76
Chicago – 75
Denver - 67
New York City – 66
Cleveland – 65
Hartford – 64
Dallas – 62
Houston – 61
Philadelphia – 61
Pittsburgh – 61
Minneapolis – 56
Cincinnati – 53
Indianapolis – 52
Louisville – 49
Milwaukee – 49
St. Louis - 49
Los Angeles – 46
Phoenix - 45
Tampa – 44
Miami – 44
San Diego – 44
Memphis - 44
Detroit – 37
Riverside – 19
The CareerCast.com/JobSerf Employment Index is an exclusive barometer showing managerial hiring activity based on the number of jobs posted online nationally. The Index reveals the differences in job listings by month, and offers valuable trends and forecasts using proprietary employment data hand-counted by a team of researchers.
To read the full report and get more information on the best and worst cities to find a job, visit www.careercast.com/career-guidance/employment-trends.
About JobSerf
JobSerf, Inc. (www.jobserf.com) is a privately held Texas-based corporation that pioneered the job search outsourcing (JSO) industry with its revolutionary ‘Find & Apply’ service. The company’s patent-pending process provides for an affordable means to both ‘find & apply’ for jobs on behalf of clients. For more information, visit the website at www.jobserf.com.
About CareerCast.com
CareerCast.com, created by Adicio, is a job search portal that offers extensive local, niche and national job listings from across North America, job-hunting, career-management and HR-focused editorial content, videos and blogs, and provides recruiters with the ability to post jobs directly to more than 800 niche career sites. CareerCast.com also compiles the Jobs Rated Report (www.jobsrated.com), where 200 jobs across North America are ranked based on detailed analysis of specific careers factors.
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Editor’s Note: Historical hiring data is available upon request.
Media Contact:
Beth Brody, Brody PR
609-397-3737
beth@brodypr.com
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