The Pulse of the U.S. Job Market

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Job.com “Pulse of the Job Market” Quidget® Poll Results

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The Pulse of the U.S. Job Market

  1. 1. presents<br />The Pulse of the Job Market<br />Results from the Job.com QuidgetTM Poll, September – December 2010 <br />The Quidget® Company<br />
  2. 2. More than 16,000 U.S. job seekers were surveyed online from September to December 2010<br />Our goals were two-fold:<br /><ul><li>Track the “minds and moods” of job seekers in the U.S.
  3. 3. Give job seekers an opportunity to share and compare their views with others</li></ul>Commissioned by Job.com and powered by Netpop QuidgetTMtechnology, responses were collected over 79 days across hundreds of websites<br />Due to the non-scientific method used to sample respondents, findings are only representative of the individuals who elected to participate<br />
  4. 4. Three groups of the U.S. job market were examined<br />1<br />Unemployed and looking for work<br />(n=7812)<br />Q: What’s your employment status?<br />Total Sample<br />Employed but would like to make more money<br />(n=3725)<br />3<br />Unemployed but happy to be taking time off<br />(n=4660)<br />n=16197<br />Base: All respondents<br />2<br />
  5. 5. Overall, job seekers are much less optimistic than other groups – 54 percent say the market is “dire, no hope in site”<br />Q: What’s your view of the job market?<br />Employed but would like to make more money<br />(n=3724)<br />Unemployed but happy to be taking time off<br />(n=4660)<br />Unemployed and looking for work<br />(n=7813)<br />Better – the job market is bouncing back<br />Dire – no hope in sight<br />
  6. 6. Rising optimism among job seekers in late September was derailed in early October and continued to decline into November<br />Q: What’s your view of the job market?<br />Oct. 8, Bureau of Labor Statistics reports unemployment rate remained unchanged in September at 9.6%<br />Private-sector payroll employment continued to trend up modestly in September (+64,00)<br />Dec. 3, Bureau of Labor Statistics reports unemployment rate edged up to 9.8% in November<br />Nov. 5, Bureau of Labor Statistics reports unemployment rate remained unchanged in October at 9.6%<br />n varies by week<br />Base: Those who are unemployed and looking for work<br />
  7. 7. Not surprisingly, the outlook declined more steeply among job seekers than other groups and remained lower into December<br />Q: What’s your view of the job market?<br />Percent Who Say Market is “Better – the Job Market is Bouncing Back”<br />Among those who are unemployed but happy to be taking time off<br />Among those who are employed but would like to make more money<br />Among those who are unemployed and looking for work<br />n varies by week for each group<br />Base: All respondents<br />
  8. 8. Interestingly, the decline was driven largely by those who consider networking the best place to go for leads<br />What does it mean? A “network effect” may have amplified negative news in the media on the job market, sharply depressing the outlook of those who rely more heavily on social networking for leads<br />Q: What’s your view of the job market?<br />Percent Who Say Market is “Better – the Job Market is Bouncing Back”<br />Among those who consider networking the best<br />Among those who consider online job boards the best<br />Among those who consider job fairs the best<br />n varies by week for each group<br />Base: Those who are unemployed and looking for work<br />
  9. 9. Over 2 in 5 job seekers say networking through family, friends and business contacts is the best place to go for job leads<br />Q: Where’s the best place to go for job leads? (Select one) <br />Three in 10 say online job boardsare the best place to go <br />n = 7812<br />Base: Those who are unemployed and looking for work<br />
  10. 10. Networking is consistently considered the best place to go for leads …<br />Q: Where’s the best place to go for job leads? (Select one) <br />... although it appears to enhance anxiety among job seekers <br />(see earlier slide)<br />n varies by week<br />Base: Those who are unemployed and looking for work<br />
  11. 11. Those happy to be taking time off are spending more time with family, indulging in travel/hobbies, or going back to school<br />Q: How are you enjoying your time-off? (Select all that apply)<br />n = 4660<br />Base: Those who are unemployed but happy to be taking time off<br />
  12. 12. Those happy to be taking time off are delaying their return to work<br />Q: When will you begin your job search?<br />n varies by week<br />Base: Those who are unemployed but happy to be taking time off<br />
  13. 13. For those employed to consider a new job, “quality of life” is more important than a big raise or promotion<br />Q: What would most get you to consider a new job?<br />n = 3725<br />Base: Employed but would like to make more money<br />
  14. 14. Summary of Findings<br />*Further research is needed to validate this hypothesis<br />
  15. 15. For more information: <br />Kristen Reed – kreed@job.com<br />Josh Crandall – Josh@netpop.com<br />

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