Job Search Confidence Index (JSCI) Reveals State of the Labor Market

StartWire's newly released metrics on job seeker confidence reflect harsh realities of job market on long-term seekers.

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Those who have been looking for more than 6 months have an extraordinarily dim view of their job prospects, while those who have been looking for a shorter period of time are bordering on bullish.

Lebanon, NH (PRWEB) March 18, 2014

StartWire (http://www.startwire.com) - America’s #1 job search organizer – releases the Job Search Confidence Index (JSCI), showing that job seekers are feeling slightly positive confidence in the New Year with a JSCI of 50.16 for January.

The Job Search Confidence Index (JSCI) is a method of tracking the mood of US job seekers nationwide and much like the consumer confidence index, an index above 50 indicates improving confidence, while an index under 50 represents decreasing confidence.

Though the index falls towards slight positivity in the New Year, a divergence in this data exists for job seekers based on a core metric: length of job search. The index reveals that the confidence level for longer term job seekers is lower than the confidence levels of those just starting their search.

“Economists have long talked about an uneven recovery to the economic crisis of 2008,” says Chris Forman. “They speak of a changing economy where there are clear ‘winners’ and ‘losers’. Job seekers' confidence mirrors this sentiment. While as a group, they are mildly optimistic, those who have been looking for more than 6 months have an extraordinarily dim view of their job prospects, while those who have been looking for a shorter period of time are bordering on bullish."

Job seekers reporting a search length of over 6 months reflect an index of 34.86. In contrast, job seekers who have been searching for less than 6 months reflect an index of 58.5. This drastic difference is a strong portrayal of the frustrations of long-term job seekers and their dim outlook of the job market.

More data from the JSCI will be posted in the upcoming months. Data on the JSCI index is released monthly by StartWire and can be accessed for download online. For further information on the Job Search Confidence Index, please visit http://www.startwire.com/jsci.

About StartWire
StartWire is America’s #1 job search organizer with more than 2,750,000 members. Job seekers across the US turn to StartWire to close the “resume black hole” by receiving automatic status updates from thousands of employers. Since its inception, StartWire has received rave reviews and coverage in US News & World Report, The Wall Street Journal, CNN, TechCrunch, Mashable, ERE, and Human Resource Executive. StartWire is headquartered near Dartmouth College in Lebanon, NH. For more information, visit http://www.startwire.com.


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