Financial Services Industry Increased Hiring Demand in May by 38%, Despite Latest Economic Forecast

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Despite the recent economic forecast adjustment, the U.S. financial services industry increased its hiring demand by 38% in May 2011 and placed more than 56,000 new online job ads, according to WANTED Analytics™.

WANTED Analytics

Recruiters at direct employers and staffing agencies serving the financial services industry placed more than 56,000 new online job ads during May 2011, according to WANTED Analytics™ (http://www.wantedanalytics.com), the leading source of real-time business intelligence for the talent marketplace. Despite a slow economic and employment turnaround in 2011, hiring demand in this industry has steadily grown in the first half of 2011. These latest numbers represent a 38% year-over-year increase from May 2010, the most online ads since October 2008.

Some occupations within the financial services industry that saw the most hiring demand growth included Computer Systems Analysts (with 78% more online job ads from May 2010), Market Research Analysts (at a 64% year-over-year increase), Financial Advisors (up 62% from last year) and Management Analysts (a 54% increase over the same period in 2010).

Although the New York metropolitan area saw the highest volume of online job ads with 4,500 postings, the financial capital actually experienced a 4% decrease from May 2010. However, there are other areas in the U.S. that have grown rapidly such as Chicago, Atlanta, Dallas and Los Angeles. Atlanta saw the greatest year-over-year growth at 54%, placing 1,500 online job ads within the financial services industry in May 2011.

Recruiters will see varying degrees of ease in sourcing potential candidates depending on the position and location. For example, Market Research Analysts will be moderately difficult to recruit for since they are highly in demand by employers and recruiting agencies in all industries. According to the Hiring Scale™, New York has seen more demand for a smaller talent pool and has just 4 potential candidates for every online job ad over this time period. In comparison, the talent supply in Los Angeles is larger and recruiters are likely to fill these positions easier and faster than the national average.

The Hiring Scale measures conditions in local job markets by comparing hiring demand and labor supply. The Hiring Scale™ is part of the WANTED Analytics platform that offers business intelligence for the talent marketplace.

To see additional charts and detail, please visit http://www.wantedanalytics.com/insight.

Free trials of WANTED Analytics™ are available at http://www.wantedanalytics.com/tryit.

About WANTED Analytics™

WANTED Analytics™ helps recruiting organizations make better decisions faster with real-time business intelligence on jobs, employers, and talent. Analytics brings together, for the first time, years of hiring demand and talent supply data to create a true talent intelligence platform for hard-to-fill positions.

Clients in the staffing, HR, RPO, media, and government sectors use WANTED Analytics™ to find sales leads, analyze employment trends, gather competitive intelligence, forecast economic conditions, and source hard-to-fill positions.

About WANTED Technologies Corporation

WANTED Technologies (TSX-V:WAN) provides real-time business intelligence for the talent marketplace. 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. WANTED began collecting detailed Hiring Demand data in June 2005, and currently maintains a database of more than 600 million unique job listings. For more information or to sample WANTED’s services, visit http://www.wantedanalytics.com.

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.

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.

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Juli A. Morris

Martin Auclair
WANTED Technologies
(418) 523-6663 337
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