US Online Job Market declines 4.6% in December

Labor demand at the end of 2011 was back where the year began. In fact, it was 1.9% below last January’s average. What started in 2010 with plenty of optimism ended in a four months decline. In December, employers removed another 4.6% of their job openings compared to November. Nevertheless, the US economy had gained 1.45 million jobs last year by the end of November.

United States Job Openings (Online Postings)
January 2007 – December 2011

Looking forward there is optimism again. The Consumer Confidence Index, measured by theConference Board, was up 9.3 points at the end of December. Labor demand in January will show whether employers share this optimism.

United States Job Openings (Online Postings)
Weekly, 2011

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 January 5, 2012 at 9:07am: ADP today reported that employment in the U.S. nonfarm private business sector increased by 325,000 from November to December on a seasonally adjusted basis. More: www.adpemploymentreport.com

Comment by Henning Seip on January 6, 2012 at 10:32am: BLS reports: Nonfarm payroll employment rose by 200,000 in December, and the unemployment rate, at 8.5 percent, continued to trend down. Job gains occurred in transportation and warehousing, retail trade, manufacturing, health care, and mining. More: http://www.bls.gov

Comment by Henning Seip on January 11, 2012 at 9:07am: Update: US Online Job Market, January Week 1: Down 2.0%. More: http://www.skillproof.com/?p=2073

Comment by Henning Seip on January 17, 2012 at 8:26am: Update: US Online Job Market turns corner, January Week 2: Up 3.0%. More: http://www.skillproof.com/?p=2083

Comment by Henning Seip on January 24, 2012 at 11:05am: Update: US Online Job Market, January Week 3: Up 1.1%.

More: http://www.skillproof.com/?p=2092

Comment