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LinkUp Reports Grim Jobs Data For September
Not surprisingly given the grim jobs report issued earlier today by the Department of Labor, LinkUp’s September jobs report showed that the U.S. jobs market continues to struggle badly. New job listings on LinkUp fell by 14% during the month and total job listings dropped by 7%. On a state by state basis, 38 of 50 states reported a decrease in new job listings (39 of 51 counting Washington, D.C.) and, even more alarmingly, 47 states showed a decrease in total job listings.
The Department of Labor reported this morning that the U.S. economy shed 263,000 jobs in September, far worse than the 175,000 that most economists were predicting. The nation’s unemployment rate rose to 9.8% and more than 15 million Americans are currently out of work. Since the recession began in late 2007, 7.2 million jobs have been lost.
LinkUp, the fastest growing job search engine on the web according to recent ComScore data, only indexes job listings that are found on company websites. The September jobs report was based on a comparison between August and September job listings from 16,861 corporate websites around the U.S. As a result of this unique data source, LinkUp’s job listing data includes no duplicate job listings, no classifieds from recruiters or headhunters, and no phishing or scam ads. Even more importantly, the jobs data is based on actual job openings that companies list on their own company website rather than the openings that companies are advertising for on other job boards or in newspapers.
In terms of the best and worst performing states, Minnesota, Arkansas, and Nevada reported the largest percentage declines in job losses, while Texas, California, and Minnesota experienced the largest declines in the actual number of new and total job listings.