EmploymentCrossing Adds 200,000+ Jobs in One Week, Even as Unemployment Rate Climbs to 57 percent in July

Released on: August 6, 2008, 3:40 am

Press Release Author: Mary Waldron

Industry: Management

Press Release Summary: The US unemployment rate reached 5.7% in July, according to
figures just released by the Labor Department, but EmploymentCrossing is undeterred
by the statistics. The maverick job board managed to post a whopping 204,214 jobs
last week in spite of the slumping job market.

Press Release Body: EmploymentCrossing has redoubled its efforts of late to search
out each and every active job opening to help job seekers make their way through the
current recession. The site's highly trained job-opening analysts currently search
more than 8,000 job boards and 250,000 employer websites in their unflagging quest
to bring employment to those who need it most.

The Labor Department report confirmed that jobs were lost for a seventh consecutive
month and primarily attributed the large-scale cuts to the deteriorating
construction sector, which lost 22,000 construction jobs last month. Overall, more
than 51,000 non-farm jobs were cut as the unemployment rate touched a four-year
high. Most analysts agree that the US economy is being battered by the relentless
housing market slump, an all-pervading credit crunch, and high crude oil prices.
The underutilized labor force stands at 10.3%, nearing a rate which was last seen in
the last recession. Furthermore, the report stated that the construction and
manufacturing industries have together lost 561,000 jobs since the start of 2008.

"The deadly combination of higher unemployment rates and decreasing labor hours
worsens the situation even more," says A. Harrison Barnes, CEO of
EmploymentCrossing. "Although the construction sector is facing a terrible loss of
jobs, the education and healthcare sectors have saved the economy to some degree by
adding 39,000 jobs. Even government jobs and hospitality jobs have been on the rise
recently.

"There is a light in spite of all the gloom and despair: EmploymentCrossing. Jobs
can be found if searched for in the right places," says Barnes. "EmploymentCrossing
has been able to glean the best of the jobs available even when the job market has
been declared down and out. EmploymentCrossing has vowed to stem the tide of the
slumping job market and is certainly going in the right direction."

The job types on EmploymentCrossing which were most extensively searched for in July
were:

. Managerial jobs (204,522 jobs)
. Healthcare jobs (217,076 jobs)
. Information technology jobs (156,975 jobs)
. Engineering jobs (116,541 jobs)
. Accounting jobs (78,891 jobs)

"EmploymentCrossing seeks out, edits, approves, and tracks an elite collection of
jobs on an ongoing basis," Barnes says. "It is not for everyone -- we are exclusive
and private, and only members have access to our job-opening research."

Unlike other job boards that simply herd masses of job listings without looking
back, EmploymentCrossing ensures quality and accuracy to prevent users from wasting
time with outdated or filled jobs. There are over 2 million job listings at present
on EmploymentCrossing's site, and the number of jobs is expected to receive a major
boost in the coming days. For more information, log on to
www.employmentcrossing.com.

About EmploymentCrossing:

EmploymentCrossing is a powerful and comprehensive organization dedicated to helping
professionals find jobs that will enhance their careers. EmploymentCrossing
consists of 90+ industry-specific job boards which consolidate every job opening
they can find in one convenient location. The website also offers a seven-day free
trial to new members.

Web Site: http://www.employmentcrossing.com

Contact Details: 175 South Lake Ave,
Suite 200
Pasadena, California 91101

  • Printer Friendly Format
  • Back to previous page...
  • Back to home page...
  • Submit your press releases...
  •