Job postings grew strongly in 2010 as signs of an improving economy emerged. After declining 13% in 2009, total U.S. job postings increased 88% last year.
Total job postings increased 6% per month on average. The largest monthly increase occurred in March with 15%, while the only decrease occurred in August with -3%.
Indeed’s first Industry Employment Trends report for January 2009 revealed job postings in most industries had declined nearly 50% year-over-year; a downward trend that continued through the year.
Industry job posting activity turned a corner in 2010 with combined industry job postings growing by 61%, and all 12 industries having at least 38% job posting growth year-over-year.
December 2010 Industry Employment Trends
Industry Job Postings Annual Change Accounting 161,668 58% Construction 116,148 64% Education 119,417 46% Financial Services and Banking 284,928 70% Healthcare 726,759 38% Hospitality 132,205 69% Information Technology 389,337 82% Manufacturing 132,368 90% Media and Newspaper 50,660 82% Real Estate 33,046 43% Retail 436,767 88% Transportation 150,236 147%
Transportation and manufacturing, both cyclical industries, started seeing signs of improvement in July. Our December Industry Employment Trends show these industries had the largest percentage increase in job postings year-over-year.
Transportation led the way with a 147% increase in job postings year-over-year, including notable growth for trucking jobs. Manufacturing saw the second largest percentage change in job postings with a 90% increase.
Retail had the second highest number of job postings, and increased 88% year-over-year. Job postings for retail peaked in November as seasonal hiring picked up.
Job market competition
Competition for jobs in the 50 most populous metro areas was much improved last year. Our April Job Market Competition report marked the first time in 2010 that all metro areas had fewer than 10 unemployed persons per job posting.
In July, only 13 metro areas had a 1:2 ratio or better. As of December, 29 metro areas reached a ratio of at least 1:2.
With six unemployed persons per job posting, Miami had the most competition for jobs at the end of the year. Four of the bottom 10 metro areas were in California, and three were in Florida.