US Online Job Market declines 1.4% in July 2012

Online labor continued to decline in July. Employers posted 1.4% fewer job openings than in June. Year-over-year the online job market declined 4.1%. The current number of posted job openings is 32.7% below peak demand in August 2007.

United States Job Openings (Online Postings) and Unemployment Rate
January 2007 – July 2012

The weekly tracking demonstrates that online labor demand in July was flat. The distinct drop in demand compared to June is likely seasonal.

United States Job Openings (Online Postings)
Weekly, 2011-2012

Note: A weekly update on the United States Job Openings (Online Postings) is available on this blog every Tuesday.

Legend for week-over-week change of labor demand:

flat	0%
slow	0.1% – 0.5%
moderate	0.6% – 1.5%
fast	> 1.5%

Methodology: SkillPROOF surveys the inventories of job openings at direct employers. Job openings are counted and verified every 24 hours. All data sources have been verified for timely removal of filled or closed positions. No data from job boards or search firms is included.

For this report SkillPROOF estimates the counts of job openings. Estimates are calculated directly from SkillPROOF’s actual daily counts of job openings. As part of its calculations, SkillPROOF uses data and findings from reports of the Bureau of Labor Statistics (BLS) (http://www.bls.gov).

Comment by Henning Seip on August 1, 2012 at 10:00am: ADP: Employment in the U.S. nonfarm private business sector increased by 163,000 from June to July on a seasonally adjusted basis. The estimated gain from May to June was revised down slightly, from the initial estimate of 176,000 to a revised estimate of 172,000. Employment in the private, service-providing sector expanded 148,000 in July after rising a revised 151,000 in June. The private, goods-producing sector added 15,000 jobs in July. Manufacturing employment rose 6,000 this month, following a revised increase of 9,000 in June. More: http://www.adpemploymentreport.com/

Comment by Henning Seip on August 3, 2012 at 10:00am: BLS: Total nonfarm payroll employment rose by 163,000 in July, and the unemployment rate was essentially unchanged at 8.3 percent. Employment rose in professional and business services, food services and drinking places, and manufacturing. www.bls.gov

Comment by Henning Seip on August 7, 2012 at 9:10am: Update: US Online Job Market, August 2012, Week 1: Labor Demand declines 0.6%.

Demand for workers continued to decline during the first week of August. Employers posted 0.6% fewer job openings than the week before. The declining number of job postings is an indicator that employers are less likely to hire. We predict that US payroll will continue to grow at a monthly average rate of 100,000 jobs unless labor demand grows significantly beyond the current level.

http://www.skillproof.com/?p=2405

Comment by Henning Seip on August 14, 2012 at 8:36am: Update: US Online Job Market, August 2012, Week 2: Labor Demand declines 0.3%

Labor demand continued to get softer last week. Employers posted 0.3% fewer job opportunities as compared to the first week in August. The current posted need for staff is 3.2% below the same period last year.

http://www.skillproof.com/?p=2415

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