Do Online Job Ads Predict Hiring?
New York City’s Labor Market Information Service has examined the correlation between online job ads (using Wanted Analytics’ real-time data) and actual hiring (using the Local Employment Dynamics’ Quarterly Workforce Indicators). Using data from 2009-2011, the agency found a very high correlation (just over 90 percent) between online ad volume and hiring in the next calendar quarter. They also found that during the 2009 high unemployment period, employers reduced the number of online job ads more than they reduced their hiring, and offer several possible explanations.
New York City plans to update this research later this year, to include the post-2011 period.
Modified On : March 18, 2013
Type : Thread
Viewed : 874
In Relation : Real-Time Data (especially job vacancies)