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press release

EmploymentCrossing Reports 2,705,034 Active Openings, Says Job Market Improving

August 22, 2013   |  PDF version  PDF version

Pasadena, CA - The jobs market might not be catapulting into the air, but it is surely improving, as per EmploymentCrossing. The job-opening research institute reports 2,705,034 active openings on its site and believes the jobs market will strengthen further. This is good news after months of job market doldrums.

The latest employment situation report by Bureau of Labor Statistics and The Conference Board Employment Trends Index (ETI) also confirm that jobs increased in July and will rise steadily. The BLS report has noted that the total non-farm payroll employment increased by 162,000 in July. It also showed a drop in the unemployment rate, which presently stands at 7.4 per cent. Similarly, the ETI figure increased in July. The index now stands at 112.16. This is up from 111.67 in June and 4.1 per cent higher than a year ago.

As per a jobs market research conducted by EmploymentCrossing about 20 per cent of unemployed workers have found jobs in July. The ratio of job-seekers for every open job has also dipped below 3 per cent. But job-seekers are still complaining with regard to getting employed. This can be attributed to the fact that companies remain slow to fill their openings. About 3.9 million jobs were posted in June. This figure is up from 144,000 posted a year earlier. So, overall, there are many active openings that remain unfilled.

Employment Crossing observes that while jobs are rising in most states, there has been more movement in the jobs market in Nevada and California. A search on website of the job-opening research institute shows that 274,901 opportunities lie in California and 24,752 in Nevada.

At one point of time the employment rate was the highest in the nation, but now it's dropping gradually. This has put to rest anxieties of economists who were unable to detect whether the pace of job creation was strengthening or weakening. Marisa Di Natale, Economist at Moody's Analytics, recently looked at hiring post-recession. She notes that hiring in low-level jobs picked up first and now, with the jobs recovery taking hold, better-paying jobs are being created.

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