Employment Index Reveals Hiring Turmoil

June 1, 2010 – The CareerCast.com/JobSerf Employment Index, which measures managerial recruitment activity online, retreated slightly to 89.0 in May, after three months of improvement. The Index had risen from 70.8 in January to 92.3 in April. “Economic turmoil in Europe, Wall Street and the Gulf appears to have also impacted managerial hiring at companies across the U.S.,” said Jay Martin, COO, JobSerf. “Unfortunately, although May is typically a strong hiring month, the current uncertainty is creating additional pain for the unemployed.” The three strongest cities were Washington D.C. (up 10 to 172), Boston (up eight to 131) and San Francisco (up eight to 106) – had the greatest improvements in per capita managerial hiring. This is the first time three cities have been over the 100 benchmark. The Midwest continues to suffer, with Indianapolis (down four to 47), St. Louis (down three to 42) and Cincinnati (down three to 40). The CareerCast.com/JobSerf Employment Index is an exclusive barometer showing the change in managerial job openings posted online nationally.