Employers Still Hiring Through Hound.com Despite Sluggish Recovery

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Employers Still Hiring Through Hound.com Despite Sluggish Recovery Powered By Docstoc
					Employers Still Hiring Through Hound.com Despite Sluggish Recovery
The October BLS employment report shows a slight increase in unemployment but an increase
in jobs, which Hound.com’s monthly data confirms.
Pasadena, CA (PRWEB) November 03, 2012 -- Although October’s unemployment report released by the
Labor Department today showed a slight increase in unemployment to 7.9 percent compared to 7.8 percent in
September, more jobs were created, 171,000, while September’s job creation figures were revised upward from
114,000 to 148,000.

The mixed picture was reflected in the numbers for Hound.com, the job search website. On September 1,
Hound.com had 1,057,760 open positions listed while on November 1, the site showed 1,020,855 new jobs.
This is a 3.4-percent decrease in positions for those looking to search jobs. While no one likes to see the
unemployment rate go up, the number of job openings has been fairly consistent since the summer, fluctuating
within a narrow range, but overall showing a gradual increase in the jobs available. In short, recovery is
happening, just more slowly than anyone would prefer.

Further evidence of recovery comes from the stock market, which opened higher thanks to jobs gains. The
Institute for Supply Management also showed an increase in manufacturing jobs between September and
October. Two other positive notes are that according to The Conference Board, consumer confidence rose in
October to its highest in more than four years while S&P's Case-Shiller Index of residential home prices
showed its biggest year to year gain in more than two years.

There was initial speculation that the October unemployment numbers would not be released today due to the
government’s closure earlier this week in the wake of Hurricane Sandy. Still, the numbers in the Employment
Situation Report were released right on time as usual. The hurricane may slow the economic recovery slightly,
however.

The slowness of the economic recovery may have a lot to do with employers’ reluctance to hire. “Employers
want to be certain they can afford expansion before hiring,” says CEO of Hound.com A. Harrison Barnes.
“Still, job postings have consistently risen over the past several months on our site, which is a solid indicator of
current economic growth.”

The good news is that despite Europe’s ongoing economic woes, there have now been 25 consecutive months
of jobs growth in the United States.

About Hound.com

Hound.com is an online job search engine based in Pasadena, CA. It is owned by A. Harrison Barnes.




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Contact Information
Paul Suchecki
Hound
http://www.hound.com/
626-243-1810


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Description: Hound.com is an online job search engine based in Pasadena, CA. It is owned by A. Harrison Barnes.