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
| Source: WANTED Technologies
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.