Index Improves in June

July 23, 2012 – The Employment Index, which measures managerial recruitment activity online, rose by 6.2 points in June, following decreases in April and May. Although the Index lost some ground over the past two months, this month’s increase is a positive step in the right direction for the weak U.S. job market. Four of the five cities with the greatest increase in hiring this month were in the East: Boston (+16 percent), Philadelphia (+11 percent), New York City (+10 percent) and Pittsburgh (+10 percent). Memphis was the only other city to show a double-digit increase in June (+10 percent). The Boston area’s strong spot seems to be the information sector, which grew by 2.5 percent while falling 1.6 percent nationwide. In Pittsburgh, the traditional steel industry is doing well, while the Pittsburgh area has a strong job market across the board, according to the Allegheny County Executive. “None of the cities tracked in the Index showed downward movement in hiring this month,” said Jay Martin, COO of JobSerf. “All cities showed minor increases in activity due to a weak employment market in May. Over the summer we will see if this recent uptick is sustainable.”

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