AllJobsUK.com News Alert

For the first time since January 2004 (Index 834.32), the Online Recruitment Index has plummeted below the 1,000 mark to 836.75! This is a dramatic reflection of the current serious difficulties in the recruitment sector. Having enjoyed years of continuous growth, and record highs, the Index is now very close to its all time lowest figure of 728.66, recorded in December 2002.

As we know, the first week in January is usually the lowest point of the year, from which figures grow as the months go by. However, with such a low starting point, it will take great efforts to recover in 2009. The Index datum point was 1,000 in August 2000. To fall below this point eight years later, when online recruitment is so embedded in our culture, is a serious blow to our industry.

Presently, 9 of our 10 monitored are sitting at less than 51% of their peak job advert levels ( and 6 at 31% or less). Only CVLibrary are bucking the trend, with strong figures. The only “free” site in our index is currently at only 34% of its highest recorded figure. As we projected in June last year, total vacancy volumes fell by 12% for 2008.

The ALLJOBSUK.COM ONLINE RECRUITMENT INDEX is a unique industry indicator. In order to more accurately reflect the ebb and flow of the online recruitment advertising sector, we use the published volumes of active job adverts from leading jobsites to generate a composite figure.
With a baseline of 1,000 from when the Index began in August 2000, we are able to reflect the peaks and troughs of the sector, and compare year on year. By analysing this more accurate indicator, we are able to be informed more clearly of the seasonal shifts, and relative market confidence of advertisers who use the UK’s major job sites.

Reed currently host 123,838 job adverts.

34,828,416 job weeks in 2008 (-12%) – a “Job Week” is 1 vacancy advertised for a 1 week period.
39,567,410 job weeks in 2007 (+21%)
32,648,239 job weeks in 2006 (+25%)
26,102,886 total job weeks in 2005

Sites monitored:
CV-Library
Fish4jobs
Jobserve
The IT Job Board
Jobsite
Jobsearch
Monster
Reed
Totaljobs
Just Engineers

Contact: Stephen O’Donnell FREC, Director AllJobsUK.com
0870 746 0400 stephen@alljobsuk.com

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