Monday, January 31, 2011

There's Hope: Online Job Demand Rises Above Pre-Recession Levels: Highest Since June 2007

"Online advertised vacancies rose 438,000 in January to 4,273,000 according to The Conference Board Help Wanted Online (HWOL) Data Series released today. With the January increase, labor demand has risen 1.44 million since the series low point in April 2009 (see chart). This increase now offsets approximately 80% of the 1.76 million drop in ad volume during the 2-year downturn period from April 2007 through April 2009."

“The very strong seasonal gain to start 2011 is welcome news following seven months of essentially flat U.S. labor demand,” said June Shelp, Vice Pres. at The Conference Board. “Last year, after a promising start (up about 350,000 in January 2010), labor demand fizzled, and the last half of 2010 was actually flat with no appreciable gains in job demand (see chart above). Hopefully the January 2011 increase suggests that employers are seeing a pickup in their businesses and labor demand will continue to improve throughout this year.”

4 Comments:

At 1/31/2011 12:59 PM, Blogger Benjamin said...

Die, recession die, die, die, go back to where you came from, the foul excretum of Republican policies in the Bush Administration.

I see a secular bull market ahead, could last for a generation.

 
At 1/31/2011 1:27 PM, Blogger Benjamin said...

BTW, page B1 headline in today's WSJ: "Corporate Profits Are Up like Gangbusters."

And this is just the beginning....

 
At 1/31/2011 2:10 PM, Blogger James said...

There is a world of difference between an advertised vacancy and a job for an unemployed American.

See “PERM Fake Job Ads defraud Americans to secure green cards” at

http://www.youtube.com/watch?v=TCbFEgFajGU

and

http://www.cs.ucdavis.edu/~matloff/Archive/YouTubeVideosH1B.txt

"And our goal is clearly, not to find a qualified and interested U.S. worker. And you know in a sense that sounds funny, but it's what we're trying to do here. We are complying with the law fully, but ah, our objective is to get this person a green card, and get through the labor certification process. So certainly we are not going to try to find a place [at which to advertise the job] where the applicants are the most numerous. We're going to try to find a place where we can comply with the law, and hoping, and likely, not to find qualified and interested worker applicants."



Corporate profits are up on outsourced production and insourced cheap labor that drives up profits which drives up the stock market. I am fully invested in stocks (no bonds) and made 18 percent last year. I expect this year to be better.

 
At 1/31/2011 5:21 PM, Blogger Dr. T said...

It is more likely that the increased online job demand is due to increased use of the internet by employers. There is little evidence that it correlates with increased real job openings.

 

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