Online labor demand in March increased just 0.8% compared to February. Nevertheless, there was much movement in the market (see weekly chart below). Year-over-year online labor demand dropped 4.4%.
The weekly chart shows that employers dropped many of their job openings in late February and early March but then recovered quickly. The weekly increases during most of the month suggest a robust expansion of online labor demand ahead.
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:
|slow||0.1% – 0.5%|
|moderate||0.6% – 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).
ADP: Employment in the U.S. nonfarm private business sector increased by 209,000 from February to March.
Monster Employment Index U.S. shows annual growth of 5 percent in March, an eased pace from the 11 percent annual growth recorded in February.
Monster Employment Index
Payroll employment rises 120,000 in March; unemployment rate changes little (8.2%) . www.bls.gov
Update: US Online Job Market, April 2012, Week 1: Up 1.6%. More: http://www.skillproof.com/?p=2219
Update: US Online Job Market, April 2012, Week 2: Up 1.9%.
Update: US Online Job Market, April 2012, Week 3: Up 1.0%.