Diggings

A blog by Toby Dayton
U.S. Employment Picture Continued To Worsen In August

Posted on Wednesday 3 September 2008 |

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August employment figures are not scheduled to be released until Friday morning, but if LinkUp data provides any type of early indicator, the nation’s employment picture continued to worsen in August. The number of total job openings posted on corporate web sites dropped 3% from July, while the total number of new openings posted showed no increase at all. While the percentage declines are smaller than they have been in recent months, the overall employment picture remains quite bleak. LinkUp.com aggregates and publishes job listings pulled directly from 9,713 corporate web sites from around the U.S.

In August, a total of 919,833 positions were listed on corporate web sites, down from 947,745 in July and 991,804 in June. Of those job listings, 695,879 were new positions, virtually unchanged from July. Unlike July’s numbers, when over 25% of the decline in total jobs were accounted for by California alone, August’s sharp decline in total jobs was evenly distributed among roughly a dozen states, with Illinois losing the most jobs (4,266). Connecticut showed the largest increase in both total job postings and new job postings, rising by 2,825 total job listings and 3,284 new job listings.

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  9,713 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. (LinkUp’s job data in July included 8,307 companies – 1,406 fewer than the total number of companies included in August’s numbers. This increase in the number of companies being factored into the data most likely resulted in a less negative snapshot than was actually the case throughout the country in August).

Thanks, by the way, to Small Business Information Technology Weekly for the excellent review of LinkUp.

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