WANTED Technologies Predicts Decline of 440,000 Jobs in Upcoming July '09 BLS Employment Report
August 04 2009 - 8:30AM
PR Newswire (US)
NEW YORK, Aug. 4 /PRNewswire-FirstCall/ -- 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 440,000 jobs in its upcoming report
on US non-farm payrolls for July 2009. (Photo:
http://www.newscom.com/cgi-bin/prnh/20090804/LA56142) Weakening
Hiring Demand and an increase in new Unemployment Insurance Claims
on a seasonally adjusted basis shifted WANTED's forecast toward
increased losses for July. Hiring Demand has decreased by 3% since
last month on a seasonally adjusted basis. Last month, Hiring
Demand was up 2%, which drove an optimistic forecast. Although
Hiring Demand has stabilized, it has not picked up enough to
generate gains in employment. 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 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 2,700 jobs in Transportation
and Warehousing; a loss of 14,400 jobs in Finance and Insurance;
and a gain of 28,600 jobs in Health Care. (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(TM) (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(TM), 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(TM). About WANTED Technologies
Corporation WANTED (http://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(TM), 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 http://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.
http://www.newscom.com/cgi-bin/prnh/20090804/LA56142 DATASOURCE:
WANTED Technologies Corp. CONTACT: Ms. Juli A. Morris, Director of
Marketing, +1-212-242-4703, , or Mr. Martin Auclair, VP Finance and
CFO, +1-418-523-6663, ext. 337, both of WANTED Technologies Corp.
Web Site: http://www.wantedtech.com/
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