Boston, Los Angeles, and San Francisco Show Largest Gains in August

Boston, Los Angeles, and San Francisco Show Largest Gains in August CareerCast.com/JobSerf Employment Index

The CareerCast.com/ JobSerf Employment Index, which measures managerial recruitment activity across the U.S., found that the number of online job postings in August rose to a value of 79.8 (a 1.6 point gain over July). Although the August increase was small, it indicates continued growth in job posting activity.

Among major metro areas tracked in the Index, San Francisco, Boston and Los Angeles saw the largest increase in managerial jobs posted online. Compared to July, Boston rose 26% in August on a per capita basis, Los Angeles rose 24%, while San Francisco rose 20%. Other cities with great improvement in August were Miami (23%), Atlanta (20%), Houston (19%), Tampa (14%), and D.C. (11%).

ìMetropolitan areas with the highest per capita hiring are high technology areas, including Boston, San Francisco, Seattle, and D.C.,î says Jay Martin, JobSerfís chairman. These gains confirm a rebound in high tech and government hiring.î

The bottom three cities in July had no growth in August and remain at the bottom of the list -- Riverside, Memphis and Detroit.

Regionally, the Index found both the Northeast and the Southeast are above their levels for online job postings in September 2008, which was the start of the downturn. The Midwest (80.4), Northeast (92) and Southeast (83.3) all showed a rise in August, with the West dropping to 73.7 and the Southwest dropping to 86.3.

In analyzing the different job levels, C-Level, VP and Director-Level positions all rose with the largest gains in C-Level and Vice President levels, while Managers showed a small decrease. The August Index found that C-Level jobs ranked at 90, up from 81 in July. VP-Level openings were up to 75, from 66 in July, Director-Level openings rose modestly to 88, from 85 in July, while Manager-Level jobs were at 75, down from 77 in July.

ìThe hiring demand for senior-level jobs is recovering faster than the demand for mid-level management jobs,î says Mr. Martin. îThis can be partly attributed to a catching up in the backlog of senior positions that were not filled during the downturn, and growth of high tech and smaller companies, which have a greater percentage of positions with executive titles.î

The CareerCast.com/JobSerf Employment Index is an exclusive barometer showing the change in managerial job openings posted online nationally. The Index reveals the differences in job listings by month, and offers valuable trends and forecasts using proprietary employment data gathered by a team of researchers.

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