eQuest Releases Employment Index Results for October 2011

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US and UK index remain relatively flat as an increase of positions was offset by larger increase in applicants

eQuest today announced its employment findings for October 2011 as published in its Employment Index, which can be viewed in its entirety at:
http://www.equest.com/news/employment-index-us/

http://www.equest.com/news/employment-index-uk/

eQuest’s US Employment Index showed continued positive movement in the recruitment space moving forward to 102.03 from 101.81. This gain was achieved in October with stronger than expected job postings but offset somewhat by increased in applicant traffic.

The number of new job requisitions was spread across a wide span of industries in the US demonstrating continued consistency of minimal but steady growth from July. The Healthcare industry showed the strongest growth through the month with a significant increase in overall job postings. Surprisingly, the real estate industry additionally showed strong growth in posting volume throughout the month. Production and manufacturing-based industries continue to occupy the bottom of the Employment Index driven by a continued lack of a significant number of new positions being added to the marketplace. Geographically, states with the highest hiring demand in September were Idaho, New Mexico and Arizona while Missouri, Mississippi and Alabama had the lowest demand for employees.

The UK index showed an expected uptick in job postings but this was reversed by a larger increase in the applicant traffic across the region. The result was a small decline in the in the UK Index from 98.92 to 98.76. Growth has remained consistent across most industries in the UK; however the results have varied greatly regionally. London continues to make the greatest gains in both posting and applicant traffic as the summer moves forward showing economic progress. Eden, East Devon and Ryedale again posted the highest level of employee demand, while Nottingham, Kingston upon Hull and Liverpool remained at the bottom of the regional list for candidate demand.

About the eQuest Employment Index
The eQuest Employment Index shows the spending patterns of the Fortune 500 as measured by job posting activity month over month. The index derives its findings from algorithms based on the supply and demand of open positions posted to the internet relative to the number of responding candidates. A target index of 100 reflects relative balance in the number of applicants vying for each open position posted. The data to create the index is derived from thousands of monthly job posting transactions. Reporting includes analysis by geography and industry segment, using the US government’s Standard Occupational Codes (SOC) in major metropolitan areas, states and over 950 job classifications.

About eQuest
eQuest provides domestic and international job posting delivery, job board management and employment marketing services. With its global reach, eQuest posts jobs to any posting destination in the world, reaching over 180 countries and territories and thousands of job posting destinations worldwide. eQuest also provides comprehensive candidate source tracking analysis for evaluating job board performance. eQuest is one of the most recognized and admired brands in the human resource industry.

http://www.equest.com

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May Ton
eQuest
(925) 275-8181
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