Press Release

Simply Hired Releases February 2011 Job Trends Report

February Sees Slight Increase in Nationwide Hiring

Mountain View, Calif. – March 2, 2011 – Simply Hired®, the largest job search engine and recruitment advertising network, today released its February job trends report highlighting national and local market outlooks, and industry and employer trends.

Slight Increase in Nationwide Hiring.
Hiring across the nation continued its slow start in the second month of the year. Job openings increased 3.8 percent from January 2011, with a year-over-year improvement of 49.7 percent from February 2010. “The rate of change for job openings is starting to stabilize,” said Gautam Godhwani, CEO of SimplyHired.com. “While there’s still a way to go, this means that we are steadily closing the gap between today’s job market and pre-recession numbers.”

Slow Growth in Large Metro Areas.
Five of the most populous metro areas posted very minimal growth in comparison to smaller metros. Both New York and the San Francisco Bay Area had slight decreases in job openings (-0.9 percent and -1.5 percent), while Los Angeles, Chicago and Philadelphia each had less than 3 percent (2.7 percent, 2.5 percent and 0.1 percent, respectively). Cleveland & Akron had the largest monthly growth, at 11.5 percent.

Growth in Most Industries.
Most industries, 17 of 18, had positive increases in job openings, with only the Technology industry taking a slight dip of -2 percent. Several industries had substantial growth in February, with Military (22.7 percent), Travel (20.9 percent) and Agriculture (20.0 percent) leading in increases.

Military Hiring Picks Up.
Military industry hiring increased 22.7 percent, a growth reflected in both occupation and employer data: job openings for military personnel increased 10.6 percent month-over-month, while the US Air Force ranked fifth in the Top Hiring Companies, Nationwide list with over 10,000 openings.

About Simply Hired
With more than seven million job listings worldwide, Simply Hired (www.simplyhired.com) is the world’s largest job search engine and recruitment advertising network. The company powers jobs on over 10,000 network partner sites, and operates global sites in 22 countries and 11 languages on six continents. Simply Hired has raised $22.3 million in funding from venture and individual investors including Foundation Capital and IDG Ventures. The company is privately held and is based in Mountain View, California.