Diggings

A blog by Toby Dayton
LinkUp Confirms Dismal July Jobs Numbers

Posted on Monday 4 August 2008 |

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Mirroring the figures released by the Department of Labor last week, data released by LinkUp.com on Monday provided further evidence that the nation’s jobs picture deteriorated substantially in July. The number of total job openings posted on corporate web sites dropped 4% from June, while the total number of new openings posted dropped 2%. Even more alarming, only 10 states in the nation showed an increase in the number of total jobs posted, and only 15 states showed an increase in the number of new positions listed. LinkUp.com aggregates and publishes job listings pulled directly from 8,307 corporate web sites from around the U.S.

In July, a total of 947,745 positions were listed on corporate web sites, down from 991,804 in June. Of those job listings, 694,392 were new positions, down from 706,111 new positions listed in June. Over 25% of the decline in total jobs was accounted for by California alone, which saw a decrease of 11,937 total job postings. Maryland showed the largest increase in both total job postings and new job postings, rising by 1,735 total job listings and 2,156 new job listings.

On August 1st, the Department of Labor reported that the nation’s unemployment rate rose to 5.7% in July from 5.5% in June with a total of 51,000 jobs eliminated during the month. For the year, a total of 463,000 jobs have been shed by employers throughout the country. Figures for May and June were revised slightly upward, with 26,000 fewer jobs lost than previously reported. (See related analysis here).

LinkUp.com aggregates job listings that employers post on their own corporate web site. These job listings or openings are often not advertised anywhere else on the web or in print. As well, the aggregated data, pulled from  8,307 companies of all sizes and in all industries throughout the U.S., does not include any duplicate job listings. But while the data presents a high-quality, unique, and relevant snapshot of the nation’s employment picture, it is not meant to represent the exact number of job openings in any given state. The vast majority of companies in the U.S. do not list their job openings on their company web site, if they even have a corporate web site, and LinkUp is still accumulating data from new companies being included in the data set.

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