New York, NY (May 26, 2009) - WANTED Technologies (TSX-V: WAN), the leading source of insight and analysis based on hiring demand, is forecasting that the Bureau of Labor Statistics (BLS) will announce a loss of 565,000 jobs in its upcoming report on US non-farm payrolls for May 2009. This estimate represents the third consecutive month that WANTED’s forecast of job losses is less severe than the previous month, a sign that the job market—if not improving—at least is not deteriorating further.
The weekly hiring demand data that WANTED collects from online job boards tracks employment levels at the industry and occupational level. WANTED is predicting a loss of 33,100 jobs in Transportation and Warehousing; a loss of 32,000 jobs in Finance and Insurance; and a gain of 26,200 jobs in Healthcare.
WANTED’s forecasting model incorporates overall hiring demand based in part on a weekly measurement of the number of job ads placed with online job boards. The year-over-year loss in volume of job ads has remained relatively stable for the past five months, following 16 months of decline from a peak in September 2007. (More detailed analysis is available at
http://hdi.wantedanalytics.com.)
WANTED’s forecasts and analysis are available as part of its subscription-based Hiring Demand Indicators™ (HDI) service. The online service offers timely hiring demand data for economists and researchers monitoring the recent stimulus package and the economic recovery. The HDI service includes: a license to access WANTED Analytics™, the industry-leading online dashboard for hiring demand intelligence; and the analysis and discussion in WANTED’s blog, “All About Hiring Demand”.
WANTED also supplies its data to The Conference Board, which relies on it to produce its monthly Help-Wanted OnLine Data Series™.
About WANTED Technologies Corporation
WANTED (
www.wantedtech.com) is the leading source of insight and analysis based on hiring demand. Clients in the media, HR/staffing, financial services and government sectors use WANTED’s online data and SaaS-based analytical solutions to identify economic trends, analyze competitive and market activities and prioritize sales opportunities.
WANTED is also the exclusive data provider for The Conference Board’s Help-Wanted OnLine Data Series™, the monthly economic indicator of hiring demand in the United States.
WANTED Technologies (TSX-V:WAN) was founded in 1999. The company’s headquarters are in Quebec City, Canada, and it maintains a US-based subsidiary with primary offices in New York City. The company began collecting detailed hiring demand data in October 2002, and currently maintains a database of hundreds of millions of unique job listings. Visit
www.wantedtech.com for more information about how WANTED helps organizations make better decisions and improve sales results.
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release. Any statement that appears prospective shall not be interpreted as such.
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