The CareerCast.com/JobSerf Employment Index, a new hiring index that measures managerial recruitment activity across the United States, found that the number of job openings for C-level, VP, Director and Managerial candidates improved last month for the first time since November.
The study found that the number of executive and management-level job openings posted online had an index value of 56.6 in May 2009, up from 41.4 in April 2009. However, the May 2008 Index was 95.8, which shows that postings dropped 41 percent year over year.
“We are encouraged by the latest data, which showed a healthy uptick in demand for managers and executives last month,” says Tony Lee, publisher, CareerCast.com. “This positive trend could be the beginning of a reversal of our economic downturn as companies find that they can’t wait any longer to recruit for vacant managerial positions.”
The Index shows the slowest regions of the country to recover have been the Midwest and Western states, which have seen only about 60 percent of the gains experienced by the rest of the nation. In comparing metropolitan areas, the Washington, D.C. area remained the highest of the major cities the Index evaluates, reporting about eight times as many job listings online per capita as compared to Detroit, which had the lowest.
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