Diggings
A blog about recruitment advertising, media, publishing, HR, work, & technology, among other things
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Larry Kudlow Is Wrong – Businesses Do Want To Hire
With the disappointing jobs report released earlier today, there is no doubt that my prediction for a far more positive report than most expected was off the mark. According to the Department of Labor numbers, job growth in July was positive but anemic, and far below consensus estimates. Following the weak BLS report, politicians, economists, forecasters, and the media are and will continue to passionately debate about the current state of the nation’s economy, the health of the U.S. job... |
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Based On LinkUp’s Job Search Engine Data, Friday’s Jobs Report Will Be Far Stronger Than Consensus Estimates
The consensus estimate for Friday’s jobs report seems to be that after accounting for the large decline in temporary census workers, the U.S. economy continued to add jobs in July. Most forecasters, however, have tempered their positive but modest outlook and are expecting to see a continuation of slow but steady recovery in the jobs market. While any growth in private sector jobs would be welcomed, we are much more bullish and expect to see a far stronger jobs report than people are anticipating.... |
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LinkUp June Jobs Report Provides Glimmer Of Hope For Tomorrow’s Jobs Report
Given the slew of grim data released this week, it’s no wonder that the markets have reacted poorly. ADP reported that employers added only 13,000 people to their payrolls in June, far lower than the 60,000 economists were expecting. Earlier today, the Department of Labor reported that Initial Claims for Unemployment in the week ending June 26th rose to 472,000, raising the 4-week average up to 466,000, its highest level since March. Combined, the two employment indicators sent shivers through... |
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Paid Search Pounding More Nails In Daily Newspaper Coffin
It’s been some time since I’ve written about the decline of the daily newspaper given that it’s about as compelling a story as the White Sox languishing in 3rd place in the A.L. Central and fading fast as the All-Star break approaches. But I cannot resist at least commenting on the latest news concerning the beleaguered industry, especially as it relates to recruitment advertising. Q1 advertising revenue for the dailies dropped nearly 10%, with a 14.4% decline in classified ad... |
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LinkUp Featured on CBS News
LinkUp received a nice mention on CBS News last week. LinkUp, one of the fastest growing job search engines on the web, indexes jobs that are only found on company websites. We do not aggregate jobs from other job boards and we do not allow anyone to post jobs directly to the site. As a result of this completely unique approach to job listings online, LinkUp has eliminated scams jobs, phishing jobs, work-at-home scams, ‘money mule’ listings, and other garbage listings that pollute... |
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May Jobs Report From LinkUp Shows That Economic Recovery Is Tepid At Best
Similar to the way they were prior to last month’s jobs report from the Bureau of Labor Statistics (BLS), the optimists are out in full force this week, and perhaps for good reason. The ADP report was released today, showing that private employers added 55,000 jobs in May. The Monster Index, also released today, rose 14%, the strongest gain since April of 2007. Even President Obama hinted this week that the BLS numbers, to be released tomorrow, will show that the economic recovery in the... |
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Weak April Jobs Report From LinkUp Looks Prescient In Light Of New Jobless Claims Data
LinkUp’s April jobs report was way out of step from the consensus estimates, and contrasted sharply with data and forecasts released by The Conference Board, ADP, Intuit, and Wanted Technologies, among others. In fact, the Bureau of Labor Statistics (BLS) numbers for April released in early May were even more positive than anyone predicted, with non-farm payrolls growing by 290,000 jobs during the month. But data just released on the number of people filing new claims for unemployment benefits... |
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FBI Crack Down On Cyber Mules Getting No Help From Indeed, Simplyhired, Or Huffington Post
The Wall Street Journal ran an article this week highlighting the efforts of the FBI to crack down on ‘Cyber Mules,’ people who knowingly or unknowingly participate in money laundering schemes. Cyber mules, or money mules as they are sometimes called, are recruited through classified ads posted on job boards such as Monster.com and are asked to receive and then pass along funds deposited in their bank accounts. The job scam ads pollute most of the traditional pay-to-post job boards... |
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LinkUp Featured in U.S. News & World Report
In an excellent issue dedicated entirely to career development and job searching, LinkUp received a nice plug in the May issue of U.S. News & World Report. The issue is filled with great articles, excellent advice, and insightful commentary about the changing job market and how people can more effectively navigate through very challenging times. Of course, the blurb on LinkUp stands as the highlight of the issue, “LinkUp: An aggregator that searches the careers page on thousands of corporations’... |
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LinkUp’s April Jobs Data Indicate Job Market Is Far From Healthy
While no one would argue that the U.S. economy is in solid recovery mode, the strength and sustainability of the recovery is largely dependent upon the extent to which U.S. employers will begin hiring again. There are definitely signs that the worst is over, but there are mixed signals and mixed opinions about how fast the economy will begin adding jobs on a consistent basis. While the country saw job growth in March and consensus estimates predict additional job gains in April, the jobs data... |
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Mystery Buyer Acquires Standout Jobs
On his Instigator blog yesterday, Standout Jobs CEO Ben Yoskovitz announced that his company had been acquired, although the terms of the deal and the actual buyer were not disclosed. It will be interesting to see what details, if any, emerge in the near future, but the acquisition is further confirmation of the dominant trend in recruiting these days: A well-designed, interactive, candidate-friendly, rich-media corporate career portal has become the foundational component of leading employers’... |
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Flaws In Job Board Aggregator Model Coming To Light
As the recruitment advertising industry continues to evolve at an increasingly rapid clip and job search engines such as LinkUp and job aggregators such as Indeed and Simplyhired continue to grab market share away from the mega job boards such as Monster and Careerbuilder, the underlying details of these newer business models are beginning to be better understood. Three excellent blog posts in the past few weeks highlight some important considerations that employers and job seekers should keep... |
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Goldman Sachs Downgrades Monster Citing “Newer, Cheaper Alternatives”
In attempting to emerge from one of my more protracted blog-writing slumps, I’m going to simply work through a list of posts, news items, clips, and blurbs that I’ve collected over the past few weeks and make a few comments. I realize it’s a bit lazy, but I seem to have let my blog writing discipline lapse a bit of late, and it will take some time to restore. In any event, here are some of the items that caught my attention recently: • 2010 is expected to be another dismal... |
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LinkUp’s March Jobs Report Positive, But Not As Good As Government’s Numbers
The March jobs report was released by the Department of Labor (DoL) a few weeks ago, and the news was quite positive. For just the 3rd month since the recession began, DoL reported that the U.S. economy added jobs in March. While the 162,000 jobs gained were less than the 185,000 or so that economists expected, the news was very positive and have led some to pronounce that the recession is officially over. I wouldn’t be so sure. Not only is meaningful recovery impossible without monumental... |