US Online Job Market drops 4.4% in October.

Employers in the United States continue to be concerned about the state of the economy and consumption. Demand for labor accelerated to decline in October resulting in a drop of 4.4% for the month compared to September. Year-over-Year labor demand has increased only 4.4% which further underlines the poor condition of the job market.

United States Job Openings (Online Postings)

January 2007 - October 2011

The weekly chart demonstrates the consistent decline during the past four weeks. In September employers seemed undecided about their labor needs while in October the message was clear: Less demand.

United States Job Openings (Online Postings)

Weekly, 2010 - 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 November 2, 2011 at 8:50am: Employment in the U.S. nonfarm private business sector increased by 110,000 from September to October on a seasonally adjusted basis, according to the latest ADP National Employment Report® released today. http://www.adpemploymentreport.com/pdf/FINAL_Report_October_11.pdf

Comment by Henning Seip on November 4, 2011 at 8:54am: Nonfarm payroll employment continued to trend up in October (+80,000),and the unemployment rate was little changed at 9.0 percent, the U.S. Bureau of Labor Statistics reported today. Employment in the private sector rose, with modest job growth continuing in professional and businesses services, leisure and hospitality, health care, and mining. Government employment continued to trend down. www.bls.gov

Comment by Henning Seip on November 8, 2011 at 8:36am: Update: US Online Job Market, November Week 1: Down 1.2%. More: http://www.skillproof.com/?p=1910

Comment by Henning Seip on November 15, 2011 at 7:21am: Update: US Online Job Market, November Week 2: Down 1.0%. More: http://www.skillproof.com/?p=1927

Comment by Henning Seip on November 22, 2011 at 9:04am: Update: US Online Job Market, November Week 3: Down 0.7%. More: http://www.skillproof.com/?p=1934