Press Release

Simply Hired Releases March 2011 Job Trends Report

March hiring returns to pre-recession levels

Mountain View, Calif. – April 6, 2011 – Simply Hired®, the largest job search engine, today released its March job trends report highlighting national and local market outlooks, and industry and employer trends.

Hiring returns to pre-recession levels.
After months of steady increases, nationwide hiring returned to pre-recession levels in March. Job openings increased 4.1 percent from February 2011 and 39.1 percent from March 2010, resulting in over five million job listings posted throughout the month.

“The significant employment gains over the last year make up only a portion of the total jobs lost in the recession,” said Gautam Godhwani, Co-founder and Chief Executive Officer of SimplyHired.com. “But now that job listings are finally up to their 2007 level, we can begin to talk about real job recovery.”

Slight decline in transportation hiring.
Less than a month after oil prices reached $100 per barrel, job openings in the transportation industry decreased slightly, by -2.2 percent. While travel hiring gained a significant 21.3 percent in March, recent airline fare increases and other attempts to offset rising oil may temper future job growth in oil-reliant industries.

Financial industry strengthens, major hiring in healthcare continues.
The financial services sector continued to solidify, gaining 6.1 percent in hiring within the industry, and 40.8 percent in hiring for financial specialists and accountants across all industries. This sector growth was further supported by the return of major accounting, banking and consulting companies to the top employers list in New York, the nation’s financial capital.

Healthcare employers continued to dominate the Top Hiring Companies by Metro, comprising 45 percent of the list; HCA Healthcare was the top employer nationwide, with 20,000+ job openings. While the healthcare industry itself decreased hiring slightly (-0.6 percent), hiring for doctors, nurses, therapists and health techs across all industries grew by 4.2 percent.

Increased hiring in most metros.
A majority of the 50 metro areas showed increased job openings for the month, particularly in Texas and Michigan: Austin (21.3 percent), Dallas & Fort Worth (9.8 percent), Grand Rapids (11.4 percent) and Detroit (8.3 percent).

Seven of 50 metros posted negative changes in job openings for the month, predominantly in Florida and Ohio: Tampa & St. Petersburg (-3.9 percent), Jacksonville (-2.9 percent), Miami & Ft. Lauderdale (-1.7 percent), Orlando (-0.2 percent), Cleveland & Akron (-1.1 percent) and Columbus (-0.9 percent). The seventh metro was Nashville (TN), which declined -0.6 percent in job openings.

About Simply Hired
With over seven million job listings, Simply Hired (www.simplyhired.com) is the world’s largest job search engine - 25 times the size of the biggest job board. Servicing 15 million monthly users across 23 countries, the company powers jobs on over 10,000 network partner sites, including LinkedIn, CNNMoney, The Washington Post and BusinessWeek. Reaching passive as well as active candidates, the SimplyHired.com network delivers millions of targeted job applicants and boasts one of the lowest cost-per-hire rates in the industry. The company is based in Mountain View, California and is funded by Foundation Capital and IDG Ventures.