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Online job postings increasing 5%-6% (Monster)

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Glenda Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Sep-19-09 10:43 AM
Original message
Online job postings increasing 5%-6% (Monster)
The below article is mostly about MOnster.com, and it's international presence.

However, as someone who is closely following the job market, I found some interesting points about increasing online job ads lately. Also interesting is the graphic of what percentage each of the job boards captures. I wonder where Craigslist falls?

http://online.barrons.com/article/SB125332142936624651.html?mod=BOL_hpp_mag&page=sp#artCommBookmark

"Turning Into a Monster of a Competitor "




By Monster's reckoning, online job postings in August rose 6%, the most since 2005, with the Monster Employment Index hitting 121. Sommer says that Monster's North American business, which accounts for 48% of revenue, is closely related to that index, meaning that it probably went up by a like amount. Last year, Monster's North American revenue fell about 10%.
...

The Conference Board reported employer job demand up a seasonally adjusted 5%, or 169,000 jobs last month, compared with July's level. "The August increase was some very good news," says June Shelp, a Conference Board economist.

Since April, online job demand has risen by 300,000, with many larger states showing stable trends, the Conference Board reports. "Advertised vacancies tend to be a lead to what's happening in employment," notes Shelp.
...

Monster commands about 30% of the North American online job-search market of about $2.3 billion, second only to CareerBuilder's 35%, Sommer says, and 20% of the overall North American market of $5.3 billion, including print advertising, to CareerBuilder's 23% and HotJobs' 10%.

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Kahuna Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Sep-19-09 11:38 AM
Response to Original message
1. Where are the naysayers?
:shrug:
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Ruby the Liberal Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Sep-19-09 11:38 AM
Response to Reply #1
3. Right below you.
:D
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Kahuna Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Sep-19-09 11:43 AM
Response to Reply #3
5. I learned something from reading your post. I'm unemployed
for almost a year now and I have been seriously looking the entire time.
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Ruby the Liberal Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Sep-19-09 12:03 PM
Response to Reply #5
6. Me too, but only a few weeks
My company offered outplacement counseling. They were the ones who told me about this -- so that I knew not to get my hopes up too high.

Another tidbit: even though you are a perfect match for a position, most companies (and recruiters) will not consider you unless you are local. Even if you have stated that you will self-relocate. Too many unknowns and too many local candidates to take a chance. If you are out of state, your resume doesn't even land on the 'maybe' pile.

Bernake can pat himself on the back all he wants for saving the banking system, but a jobless 'recovery' is anything but.
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Kahuna Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Sep-19-09 01:15 PM
Response to Reply #6
7. I get crazy recruiter emails asking me to consider positions out of state..
I don't know what that's about, unless it's like you said, to pad their database.
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Ruby the Liberal Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Sep-19-09 11:38 AM
Response to Original message
2. My company just went through a layoff. I know for a fact that they aren't hiring,
but they have about 12 different positions on all of the job boards. That is because they have a policy called "pipeline filling" where they gather resumes like crazy for "upcoming" positions, even if they don't open those jobs for years.

The recruiters are even worse. They offer 'jobs' just so that they can pad their database with applicants in the hopes of getting contracts with businesses.

Not every job out there is a real job, I'm afraid.
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undeterred Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Sep-19-09 11:40 AM
Response to Original message
4. Placement agencies can throw off the data.
Its very competitive for recruiters right now because there aren't as many positions to fill. Sometimes I will get 5 calls about the same position and see it listed over and over again on the job boards. They're probably getting a thousand applicants for one position.
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