SOURCE: eQuest

eQuest

March 04, 2011 06:00 ET

eQuest Releases Employment Index Results for February, 2011

Steady Growth Continues in the US With Slow Upward Movement in the UK

SAN RAMON, CA and LONDON--(Marketwire - March 4, 2011) - eQuest today announced its employment findings for February, 2011 as published in its Employment Index located online at:

http://www.equest.com/news/employment-index-us/

http://www.equest.com/news/employment-index-uk/

The index shows the United States continued steady growth in demand for hiring as the index moved above 99 for its first time. 

Year over year the number of positions has steadily grown across the board. Production based industries such as paper, furniture and chemicals are down and also seem to have brought similar industries such as distribution along -- creating the majority of resistance toward quick growth. While the industries at the top of the list for demand such as social services and machinery are adding more positions -- those industries as a whole, do not have overall volume to offset the bottom of the list. 

The UK is lagging behind the US market but has shown growth for two consecutive months with the index at 96.18. Eden, East Devon and Ryedale lead the list of regions that have the highest employee demand -- while Kingston, Nottingham and Liverpool show the lowest regional demand.

The eQuest Employment Index will also report on the spending patterns of the Fortune 500 including job posting volumes based on activity over the prior month. The index derives its findings through algorithms based on the supply and demand of open positions posted to responding candidates. A target index of 100 reflects balance in the number of applicants vying for each open position posted. The data to create the index includes thousands of monthly job posting transactions. Reporting includes analysis by industry using the governments Standard Occupational Codes (SOC) in major metros and states and over 950 job classifications.

About eQuest

eQuest provides domestic and international job-posting delivery and job board management and consultation services. Hundreds of job boards are supported in the eQuest network reaching over 180 countries and territories worldwide. eQuest alo provides complete candidate sourcing and tracking analysis for evaluating job board performance. eQuest is one of the most recognized and admired brands in the human resource industry. eQuest can be reached at www.equest.com.

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