Atlanta, Pittsburgh, Boston Record Most Job Growth

November 30, 2009 – Although there was a slight increase in the November 2009 CareerCast.com/JobSerf Employment Index, job seekers might be in for a long wait until hiring improves enough for unemployment to drop back into the single digits. The CareerCast.com/JobSerf Employment Index, which measures U.S. managerial recruitment activity, found that the number of online job postings in November 2009 rose to 73.7, which is 3.4 points below the level of last November, but slightly higher than the Index last month (67.8). Some parts of the country are faring better than others during the current job shortage, with Washington D.C. having the greatest hiring activity per capita. This month shows San Francisco having twice as many jobs per capita as Los Angeles. Atlanta, Pittsburgh and Boston showed the most growth since last month. While all regions experienced gains in November, the Northeast was the only region of the country to show a slight gain from 2008. And while Chicago had the biggest drop, both major Florida metro areas — Miami and Tampa — are lower than almost all other metropolitan areas in the U.S. “With weak hiring persisting through the fall, which is traditionally a strong season for job growth, we could see the national unemployment rate rise above 11 percent in early 2010,” said Rich Guha, CEO of JobSerf. “Unfortunately, C-level positions dropped for the third month in a row, although manager, director and VP Level jobs saw modest gains.” Tony Lee, publisher of CareerCast.com, added: “Managers and executives living in cities with poor hiring activity can find employment opportunities all over the country through national job boards. Although relocation isn't an option for everyone, job seekers with flexibility may consider expanding their job search to include markets that are recovering faster than their own.” The CareerCast.com/JobSerf Employment Index is an exclusive barometer showing the change in managerial job openings posted online nationally.

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