Index Records Gain in October

November 4, 2012 – The Employment Index, which measures managerial recruitment activity online, had a gain of 4.9 points in October, a 41.4 point improvement over October, 2009. The Index has remained fairly stable over the past few months, although nationwide improvement was not significant enough to put a sizable dent in unemployment. Baltimore benefited the most from improved hiring this month, gaining six percent to reach its four-year watermark score of 105. Hit hard this month was Dallas. Hiring there dipped eight percent, far-and-away the most significant drop nationally. Hiring activity also dropped in Memphis (-six percent), Tampa (-five percent), New York City (-five percent), and St. Louis (-five percent). “The U.S. unemployment rate has fallen to 7.8 percent, the lowest figure in over four years but still above pre-recession levels,” said Tony Lee, publisher, “The JobSerf/CareerCast Employment Index reflects a similar outlook of tempered positivity, bucking trends of job market tumult in past presidential election cycles.”

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