US Online Job Market declines 3.0% in June 2012

The weather is hot, the labor market is not. Employers around the country posted 3.0% fewer job openings in June as compared to May. So far this year, demand for workers is below the same period of last year. Labor demand depends on consumption which has not returned domestically nor internationally. In addition, employers now can do more with a smaller workforce thanks to information technology. Growth has to come from new products and services driven by innovation which requires higher skills in specialized areas like manufacturing, technology and health care.

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

Job postings in June were on the same trajectory as year ago. The summer decline is more pronounced than last year. These conditions indicate that employers continue to wait for better times before they will expand.

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 July 6, 2012 at 9:43am: BLS: Nonfarm payroll employment continued to edge up in June (+80,000), and the unemployment rate was unchanged at 8.2 percent. Professional and business services added jobs, and employment in other major industries changed little over the month. www.bls.gov

Comment by Henning Seip on July 10, 2012 at 8:51am: Update: US Online Job Market, July 2012, Week 1: Labor Demand declines 1.2%. http://www.skillproof.com/?p=2370

Comment by Henning Seip on July 17, 2012 at 8:29am: Update: US Online Job Market, July 2012, Week 2: Labor Demand declines 0.3%

Online labor demand declined slightly last week. Employers posted 0.3% fewer job openings. The gap between peak pre-recession and current labor demand increased to 31.5%. This makes the gap 0.8% wider than during the same week last year.

http://www.skillproof.com/?p=2380

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