Simply Hired Releases October 2011 U.S. Employment Outlook

October 5, 2011

Tools

Nationwide Hiring Remains Positive and Stable

MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)-- SimplyHired.com®, the world’s largest job search engine, today released its October Employment Outlook highlighting national and local market outlooks, and industry and employer trends.

Nationwide hiring remains steady

Nationwide job openings increased for the third consecutive month, up slightly by 0.7 percent month-over-month and 9.0 percent year-over-year. Openings were previously up 4.5 percent month-over-month and 16.5 percent year-over-year.

“Hiring remained stable this month, with a slight month-over-month increase and steady year-over-year growth,” said Gautam Godhwani, CEO of SimplyHired.com. “Continued job growth is expected through the end of the year, especially in the retail industry due to seasonal hiring.”

Job growth in most major metros

Thirty-two of 50 metros saw increased hiring this month compared to last, and 43 of 50 posted year-over-year increases. Washington D.C. remained the least competitive metro area with a 1:1 job competition ratio, and Miami & Fort Lauderdale and Las Vegas both saw an 8:1 ratio, the highest posted.

Most industries experience positive growth

Fourteen of 18 industries had increases in job openings in September, up slightly from August. The industries posting decreases include: education (-5.9 percent), financial services (-2.2 percent), hospitality (-1.1 percent) and technology (-1.9 percent).

Seasonal hiring in retail begins

The retail industry posted a 150.6 percent growth last month, and continued to see an increase this month, up 132.9 percent. Job openings for retail salespersons were up 88.8 percent this month, just shy of last month’s 89.2 percent growth. Seasonal hiring will continue to play a role in retail employment throughout the holiday season.

About SimplyHired.com

With over eight million job listings, Simply Hired (www.SimplyHired.com) is the world’s largest job search engine -- 25 times the size of the biggest job board. Servicing 16 million monthly users across 24 countries, the company powers jobs on over 10,000 network partner sites, including LinkedIn, CNNMoney, The Washington Post and Businessweek. Reaching passive as well as active candidates, the SimplyHired.com network delivers millions of targeted job applicants and boasts one of the lowest cost-per-hire rates in the industry. The company is based in Mountain View, California and is funded by Foundation Capital and IDG Ventures.