The 2010 CareerCast.com/JobSerf Employment Index rose to 90.4 in March, climbing 7.1 points since February. It was the second month in a row that the Index, which measures managerial recruitment activity online, showed headway in reducing unemployment. March 2010 hiring levels were more than double what they were a year ago (90.4 vs. 44.1).
“It appears that a real rebound in hiring has started, but with the unemployment rate still at 9.7%, the battle for most of the unemployed is far from over,” says Jay Martin, COO, JobSerf.
“Hiring of management-level executives usually reflects a longer-term view and means businesses are thinking more positively about the future, says Tony Lee, publisher, CareerCast.com. “Now that managerial recruitment activity overall is on the rise, the rest of the job market should follow.”
All cities showed improvement in managerial hiring this month. Leading the rebound in per capita hiring gains were Minneapolis (+21%), Milwaukee (+20%), Detroit (17%) and Hartford (+17%). Cleveland (+2%) and Louisville (+3%) had very minor improvements in hiring.
The top 5 cities for managerial recruitment activity remain Washington, D.C., Boston, San Francisco, Seattle and Baltimore, and the cities with the lowest hiring activity are Tampa, Louisville, Detroit, Memphis and Riverside.
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 hand-counted by a team of researchers.
To read the full report or for more information, visit www.CareerCast.com
