Five out of six regions showed year-over-year increases
Bullhorn today released its January Job Opportunity Report, benchmarking new job openings by region and sector to identify bright spots in employment. According to Bullhorn’s data, every region experienced a month-over-month increase in job openings. The Northeast and Southeast regions (33 percent) experienced the greatest increase month-over-month in January, but year-over-year, the Southwest had the largest increase (9 percent). Only the Mid-Atlantic experienced a year-over-year decrease (-5 percent). Meanwhile, month-over-month and year-over-year job openings increased in the majority of all sectors of the economy.
Looking across its job openings data, Bullhorn can also project the upcoming data from the BLS Employment Opportunity Index that will be released on February 3, 2012. Bullhorn predicts that the U.S. economy will add 120,000 jobs in January 2012, continuing the positive trend.
“While there are some bright spots, a January spike in job openings is typical, so these numbers reflect that the labor market is basically treading water,” said Art Papas, CEO of Bullhorn. “But, the fact that we are seeing almost all regions adding jobs on a year-over-year basis should be viewed as a hopeful sign nonetheless.”
Regional Data
Month-over-month, the Northeast and Southeast experienced the biggest gains with a 33 percent increase in new job openings, while the Midwest added the fewest new openings (9 percent). Year-over-year data shows the Southwest at the top, gaining 9 percent in new job openings.
Sector Data
The public administration sector showed the greatest opportunity with a 64 percent month-over-month gain in new job openings. The health care and social assistance industry showed the greatest losses, with a -32 percent contraction in new job openings. A year-over-year view shows the biggest gain to be in the real estate industry, which experienced a 69 percent increase, while accommodations and food service industry came in last with a loss of -34 percent.
The Bullhorn Job Opportunity Report is calculated based on new job openings across more than 50,000 recruiters and five years of historical data, which includes 13 million analyzed records. Go to http://www.bullhorn.com/news-event/job-opportunity-index for charts and graphs of the Bullhorn Job Opportunity Index.
About Bullhorn
Bullhorn® creates software and services that improve the way employees and employers come together. For over ten years our innovations have powered the recruiting and staffing operations of fast-growing start-ups up through the world's largest employment brands. Headquartered in Boston, with offices in London and Sydney, Bullhorn’s recruiting CRM and social recruiting products serve over 5,000 clients and 50,000 users across 35 countries. Privately owned, Bullhorn is principally backed by Highland Capital Partners and General Catalyst Partners.
Contact: Francy Wade, InkHouse for Bullhorn, 857-891-2715 bullhorn@inkhouse.net
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