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LinkUp January Jobs Report: 27 of 36 Industries Show Gains In New Job Openings On Company Websites
Last weeks’ jobs report was certainly a mixed bag with a bit of something for both the optimists and the pessimists. Unemployment dropped from 10% to 9.7%, but that was due more to the quirky statistical factors and the error-prone math and flawed inputs than anything else. The economy reportedly lost 20,000 non-farm jobs in January, smaller than some expected and larger than others predicted. There are signs from the temp/staffing side of the labor market that businesses are adding people to their payrolls, and yet people are tapping into unemployment benefits for longer periods of time than ever. A new Harris Poll this week revealed that only 1 in 10 Americans thinks that the local job market is ‘good,’ while 7 in 10 feel it’s ‘bad.’ Not surprising given that last weeks DoL report also restated the job losses from December, revising downward the number of jobs lost during the month from 85,000 to 150,000. The only solace I can take in the even grimmer December report is that it makes our pessimistic call for the December jobs report even more accurate than it already was (and makes others’ erroneous forecast even more glaring).
In any event, we predicted a more positive report than the consensus estimates on Wall Street, and I’d give ourselves a B (or maybe a B+) if one takes into account the fact that one of the largest sectors shedding jobs was local government (state and county) while our job listing data is derived entirely from the job openings we index from company sites. Our industry-specific jobs report for January is equally as positive as our state-by-state report. In January, 27 of 36 industries showed an increase in new job openings on company websites, while only 8 of 36 industries showed a decline in total job listings on company websites. Overall, new job openings across all industries rose by 50,702 (15%), while total job openings by industry rose by 52,037 (7%).
LinkUp, the fastest growing job search engine on the web, indexes job listings from over 20,000 corporate and employer websites throughout the country. Because the index is updated daily and only includes job listings that are found on career portals within company websites, the completely unique jobs data is extremely reliable. There are no jobs from recruiters, headhunters, search firms, or staffing companies, and no scam jobs, phishing jobs, ‘money mule’ ads, or other fraudulent postings.
And because LinkUp only indexes jobs from a single source – the hiring company itself – there are no duplicate listings that pollute job board aggregator sites such as Indeed and Simplyhired. Perhaps most importantly given the current high-unemployment environment in which companies are not compelled to advertise as aggressively in order to generate candidate flow for their openings, the jobs data is not based upon paid help-wanted advertising activity.
In terms of specific industries, Restaurant & Food Service, Supply Chain & Logistics, and Technology showed the largest gains in new and total job listings, while Sales & Business Development, Consulting, and Retail showed the largest declines in new job openings.