LinkUp - October Job Report: Slight Signs of An Improving Job Market

Store this angel in big sizeLinkUp’s October Job Report Shows Slight Signs of An Improving Job Market In U.S.

Minneapolis, MN, November 9th, 2009 - Last Friday, the Department of Labor issued its account jobs address for October and appear that the U.S. abridgement absent addition 190,000 jobs in October (a amount that will absolutely be revised up or down in approaching months). October’s losses represent the 22nd beeline ages of account job losses, and unemployment rose from 9.8% to 10.2%, the accomplished akin back 1983. Accounting for humans who accept accustomed up analytic for plan or who ambition full-time plan but accept acclimatized for part-time work, the unemployment amount is 17.5%. The absolute amount of jobs absent back the Great Recession began in December of 2007 now totals 7.3 million.

There were, however, some agilely absolute signs in October’s Department of Labor numbers. Hourly accomplishment added during the month, the amount of hours formed in accomplishment rose, and temp/staffing hiring is rising. As well, the job losses in September and August were revised to appearance beneath job losses than initially reported. All of these statistics authenticate that there are slight hints that the job bazaar has bottomed out and that while accretion will acceptable abide anesthetic for months to come, we may accept apparent the worst. (Lest anyone get too excited, however, unemployment will acceptable acceleration for a lot of of 2010 as account job losses will not alone accept to about-face positive, they will accept to about-face absolute to such a amount that account job assets in actuality outdistance new entrants into the job market).

In any event, LinkUp’s October jobs address showed that the U.S. jobs bazaar is convalescent anytime so slightly. New job listings on LinkUp rose by 4% during the ages and absolute job listings were collapsed from September. On a accompaniment by accompaniment basis, 33 of 50 states appear a abatement in new job listings (34 of 51 counting Washington, D.C.) and, on a hardly added absolute note, 27 states showed a abatement in absolute job listings.

In agreement of the best and affliction assuming states, Illinois, North Carolina, and Connecticut appear the better increases in new and absolute jobs, while Massachusetts, Ohio, and West Virginia accomplished the better declines in the absolute amount of new and absolute job listings.

LinkUp, the fastest growing job seek engine on the web according to contempo ComScore data, alone indexes job listings that are begin on aggregation websites. The October jobs address was based on a allegory amid September and October job listings from 16,967 accumulated websites about the U.S. As a aftereffect of this different abstracts source, LinkUp’s job advertisement abstracts includes no alike job listings, no classifieds from recruiters or headhunters, and no phishing or betray ads. Even added importantly, the jobs abstracts is based on absolute job openings that companies account on their own aggregation website rather than the openings that companies are bartering for on added job boards or in newspapers.

LinkUp
Molly Moseley
10300 Valley View Rd
Eden Prairie, MN 55344
molly@linkup.com