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LinkUp’s April Jobs Data Indicate Job Market Is Far From Healthy
While no one would argue that the U.S. economy is in solid recovery mode, the strength and sustainability of the recovery is largely dependent upon the extent to which U.S. employers will begin hiring again. There are definitely signs that the worst is over, but there are mixed signals and mixed opinions about how fast the economy will begin adding jobs on a consistent basis. While the country saw job growth in March and consensus estimates predict additional job gains in April, the jobs data released by LinkUp indicate continued weakness in the job market.
First, the optimists: The Conference Board has reported an increase of 222,000 in online job demand, while ADP reported an increase of 32,000 private sector jobs in April. Intuit reported that small businesses added 66,000 jobs last month, while Wanted Technologies is predicting an increasing of 220,000 jobs in Friday’s jobs report.
Despite how much I’d like to agree with those numbers, and as much as I’m cheering for a positive report later this week, the Data from LinkUp paint a very different picture of the job market. LinkUp, a job search engine that indexes only jobs found on over 22,000 company websites around the country, reports that new job listings on company websites dropped by 27,474 (-6%), while total job openings published on company websites fell by 60,567 (-7%). Equally as alarming, 32 states (and Puerto Rico) showed declines in new job listings, while 33 (as well as both Washington, D.C. and Puerto Rico) showed a drop in total job listings.
In terms of the states that added the most job openings on company websites during the month, Texas, Utah, and Minnesota added the most new and total job openings, while North Dakota had the largest percentage increase. California, Tennessee, and Washington showed the largest declines in new and total job listings, while Delaware reported the largest percentage decline.
In terms of job listings by category, the data relating to differences between March and April is, unfortunately, quite useless. This is due entirely to significant improvements that were made during the month in how we categorize jobs in the search engine. As a result of those changes, the differences between March and April are essentially meaningless but the categories will be far more accurate in subsequent months.
Of particular note, however, we also created a new category that we’ve labeled ‘Green’ jobs. This category is a work in process and and will grow and improve over time. Any feedback on the positions included or not included in the Green category would be much appreciated.
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 or ‘job jacked’ 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.