According to a new report on managerial hiring nationwide, management jobs in Boston have been eliminated by 10%.
Managerial recruitment activity rose last month to its highest level since March 2008, according to the new CareerCast.com/JobSerf Employment Index. The July Index, which measures managerial hiring activity online, rose to 106.9, a gain of 14.3 over the June Index.
Cities leading the increase in per capita hiring were Pittsburgh (+13%) and Cleveland (+11%), followed by Cincinnati (+7%) and St. Louis (+7%). However, Boston and Riverside both lost 10%. Washington, D.C., at 176, is still the city to beat with the most managerial job activity despite a static July, while Riverside continues to be the lowest ranking city at 18.
“It’s exciting to see consistent gains nationally in managerial hiring,” says Tony Lee, publisher, www.CareerCast.com. “Even though the West still remains the nation’s weakest area given that the other regions are all now over 100, it had the strongest increase (+8.9 to 88.6) this month.”
“The upward trend in managerial hiring is a positive indicator of job growth,” says Jay Martin, COO, JobSerf. “And, if the numbers continue to stay above pre-recession job-listing levels, managerial recruitment could be the leading edge indicator of improvement in all levels of employment.”
The CareerCast.com/JobSerf Employment Index is an exclusive barometer showing managerial hiring activity based on the number of jobs posted online nationally. The Index reveals the differences in job listings by month, and offers valuable trends and forecasts using proprietary employment data hand-counted by a team of researchers.
In June, employment activity among the 30 major metro areas surveyed by the CareerCast.com/JobSerf Employment Index was extremely consistent, as all but one city posted an increase in hiring for the month. The employment picture in July, however, was more nuanced, with gains and losses spread throughout the list.
The biggest surprises were among the 10 best cities to find a job, where despite a strong performance nationally, just one of the metro areas managed to gain ground in July. The best performers in the group were Chicago, which gained a single point to reach an Index score of 84 and climb to 6th place, along with Washington, D.C., and Philadelphia, which broke even. Every other city saw employment activity decline, with Boston leading the way by posting a surprising 14-point decline. After recording strong gains each month since January, the Massachusetts city had been on pace to overtake Washington, D.C., by September. Now, however, it remains a full 44 points behind the nation’s capital.