After a disappointing jobs report in December, pressure is mounting for a positive report this Friday when the Department of Labor releases their jobs numbers for January. All indicators are pointing to a positive report for the month. ADP estimates that the U.S. gained 187,000 jobs, Intuit is reporting that small businesses added 70,000 jobs, and the Conference Board is reporting that online labor demand increased by a whopping 438,000 in January. A Bloomberg survey found that the median estimate from 33 economists was a gain of 140,000 jobs, although the estimates ranged from a decline of 100,000 jobs to an increase of 200,000. Based on LinkUp’s jobs report for January, the Bureau of Labor Statistics will report very strong job growth in January.
LinkUp, the fastest growing job search engine on the web, reported today that new job postings by employers on their own company websites rose by 69,000 (16%) in January, while total job openings posted on company websites throughout the country rose by 87,000 (10%) during the month. Perhaps more importantly, 36 states showed an increase in both new and total job listings, indicating that gains were made throughout the country.
LinkUp is a job search engine that only indexes job openings from over 20,000 company websites throughout the country. Because the index is updated daily and only includes job listings that are found on corporate career portals on 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 job listings that pollute job aggregators such as Indeed and Simplyhired.
In terms of jobs by category, new and total job listings also rose by 16% and 10% respectively, with approximately 70% of the 36 job categories showing gains in new and total jobs.
Given the near impossible task of predicting how many people will be counted as part of the labor market, there’s virtually no way to predict what the unemployment rate will be. But for certain, the labor report on Friday will provide firm evidence that the jobs market improved substantially in January and the U.S. economy is, once again, adding jobs in a meaningful fashion.