November 29, 2011 – The CareerCast.com/JobSerfEmployment Index, which measures managerial recruitment activity online, fell to 103.5 from October 2011, but is more than 29 points higher than the November 2009 Index. Washington, D.C., which has been the leader in managerial hiring since the Index launched in July 2009, is expected to add 1.26 percent more jobs every year through 2016. “While much of the country declined, the bright spot was the mid-Atlantic region, where small gains were seen in Philadelphia (+five percent), Washington, D.C. (+three percent) and Pittsburgh (+two percent),” said Jay Martin, COO, JobSerf. “One of the cities that saw a major decline last month was Memphis, which had a three percent rebound in November, after a drop of 20 percent in October.” The biggest losers in hiring activity this month were Riverside (-10 percent), Phoenix (-eight percent), and Cleveland (-seven percent). San Francisco, Atlanta, Boston, and Seattle each saw a six percent drop in hiring activity.
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