U.S. Employment Trends Report
|March 2011 Simply Hired, Inc.|
Hiring returns to pre-recession levels.
After months of steady increases, nationwidehiring returned to pre-recession levels in March. Job openings increased 4.1% fromFebruary 2011 and 39.1% from March 2010, resulting in over 5 million job listings postedthroughout the month. “The significant employment gains over the last year make uponly a portion of the total jobs lost in the recession,” said Gautam Godhwani, CEO ofSimplyHired.com. “But now that job listings are finally up to their 2007 level, we can beginto talk about real job recovery.”
Financial industry strengthens.
The financial services sector continued to solidify,gaining 6.1% in hiring within the industry, and 40.8% in hiring for Financial Specialists andAccountants across all industries. This robustness was further supported by the returnof major accounting, banking and consulting companies to the top employers list in NewYork, the nation’s financial capital.
Major hiring continues in healthcare.
Healthcare employers continued to dominate theTop Hiring Companies by Metro, comprising 45% of the list; HCA Healthcare was the topemployer nationwide, with 20,000+ job openings. While the healthcare industry itselfdecreased hiring slightly (-0.6%), hiring for Doctors, Nurses, Therapists and Health Techsacross all industries grew by 4.2%.
Decreased hiring in Florida and Ohio.
Seven of 50 metros posted negative changes injob openings for the month, predominantly in Florida and Ohio: Tampa & St. Petersburg(-3.9%), Jacksonville (-2.9%), Miami & Ft. Lauderdale (-1.7%), Orlando (-0.2%), Cleveland& Akron (-1.1%) and Columbus (-0.9%). The seventh metro was Nashville (TN), whichdeclined -0.6% in job openings.
Employment Impact: Rising Oil Prices
Slight decline in transportation hiring.
Less than a month after oil prices reached$100/barrel, job openings in the transportation industry decreased slightly, by -2.2%.While travel hiring gained a significant 21.3% in March, recent airline fare increasesand other attempts to offset rising oil costs indicate that the full impact on hiring inoil-reliant industries remains to be seen.