SOURCE: WANTED Technologies

April 27, 2009 09:00 ET

Hiring Demand May Be Bottoming Out: WANTED Technologies Sees Decline of 627,000 Jobs in Upcoming April '09 BLS Employment Report

Demand for Employees Appears to Be Stabilizing, Although Still at Very Weak Levels

NEW YORK, NY--(Marketwire - April 27, 2009) - WANTED Technologies (TSX-V: WAN), the leading source of insight and analysis based on hiring demand, is forecasting that the Bureau of Labor Statistics (BLS) will announce a loss of 627,000 jobs in its upcoming report on US non-farm payrolls for April 2009. This estimate represents the second consecutive month that WANTED's forecast of job losses is less severe than the previous month, a sign that the job market -- if not improving -- at least is not deteriorating further.

The weekly hiring demand data that WANTED collects from online job boards tracks employment levels at the industry and occupational level. WANTED is predicting a loss of 28,800 jobs in Transportation and Warehousing; a loss of 22,500 jobs in Finance and Insurance; and a gain of 31,900 jobs in Healthcare.

WANTED's forecasting model incorporates overall hiring demand based in part on a weekly measurement of the number of job ads placed with online job boards. The year-over-year loss in volume of job ads has remained relatively stable for the past four months, following 16 months of decline from a peak in September 2007. (More detailed analysis is available at http://hdi.wantedanalytics.com.)

WANTED's forecasts and analysis are available as part of its subscription-based Hiring Demand Indicators™ (HDI) service. The online service offers timely hiring demand data for economists and researchers monitoring the recent stimulus package and the economic recovery. The HDI service includes: a license to access WANTED Analytics™, the industry-leading online dashboard for hiring demand intelligence; and the analysis and discussion in WANTED's blog, "All About Hiring Demand."

WANTED also supplies its data to The Conference Board, which relies on it to produce its monthly Help-Wanted OnLine Data Series™.

About WANTED Technologies Corporation

WANTED (www.wantedtech.com) is the leading source of insight and analysis based on hiring demand. Clients in the media, HR/staffing, financial services and government sectors use WANTED's online data and SaaS-based analytical solutions to identify economic trends, analyze competitive and market activities and prioritize sales opportunities.

WANTED is also the exclusive data provider for The Conference Board's Help-Wanted OnLine Data Series™, the monthly economic indicator of hiring demand in the United States.

WANTED Technologies (TSX-V: WAN) was founded in 1999. The company's headquarters are in Quebec City, Canada, and it maintains a US-based subsidiary with primary offices in New York City. The company began collecting detailed hiring demand data in October 2002, and currently maintains a database of hundreds of millions of unique job listings. Visit www.wantedtech.com for more information about how WANTED helps organizations make better decisions and improve sales results.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release. Any statement that appears prospective shall not be interpreted as such.