SimplyHired.com Releases July 2011 U.S. Employment Outlook

Nationwide Hiring Continues to Decline in June

MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)--SimplyHired.com®, the world’s largest job search engine, today released its July employment outlook highlighting national and local market forecasts and job trends.

“Hiring is likely to be slower as we ride out the effects of the natural disaster in Japan and Europe's debt crisis, but we should see a natural increase again at the end of summer when fall hiring begins.”

Summer slump.

Nationwide job openings declined for the third consecutive month, dropping -3.8 percent from May; openings were up 21.9 percent from June 2010.

“The decline in job openings signifies that employers are less confident in the economy right now,” said Gautam Godhwani, CEO, SimplyHired.com. “Hiring is likely to be slower as we ride out the effects of the natural disaster in Japan and Europe's debt crisis, but we should see a natural increase again at the end of summer when fall hiring begins.”

Nationwide hiring slows.

Forty-six of 50 metros experienced declines in job openings in June, 14 more than the previous month. The four metro areas that did not lose job openings saw insubstantial growth: Louisville (1.7 percent), Birmingham (1.4 percent), Detroit and Pittsburgh (less than one percent).

Job competition shakeup.

SimplyHired.com’s Job Competition ranking, which compares the number of jobs available in a particular metro to the number of unemployed job seekers, saw nine metros become more competitive (Miami & Fort Lauderdale, Los Angeles, New York, Memphis, Greenville, Chicago, Cincinnati, Columbus, Raleigh & Durham) this month; five metro areas improved for job seekers (West Palm Beach, Pittsburgh, Portland, Phoenix, Sacramento).

Confidence in transportation grows.

Energy prices have not risen to the extreme rates feared by analysts, renewing confidence in the transportation industry. While most industries had negative changes in job openings, transportation continued to increase, up another 19.1 percent since last month. Jobs for drivers, pilots and other transportation workers grew 6.4 percent. As long as oil prices remain level, this hiring increase is likely to continue.

About SimplyHired.com

With over eight million job listings, Simply Hired (www.SimplyHired.com) is the world’s largest job search engine—25 times the size of the biggest job board. Servicing 16 million monthly users across 23 countries, the company powers jobs on over 10,000 network partner sites, including LinkedIn, CNNMoney, The Washington Post and Businessweek. Reaching passive as well as active candidates, the SimplyHired.com network delivers millions of targeted job applicants and boasts one of the lowest cost-per-hire rates in the industry. The company is based in Mountain View, California and is funded by Foundation Capital and IDG Ventures.