{"id":5897,"date":"2012-02-07T15:31:16","date_gmt":"2012-02-07T20:31:16","guid":{"rendered":"http:\/\/stateimpact.npr.org\/new-hampshire\/?p=5897"},"modified":"2012-02-07T15:37:58","modified_gmt":"2012-02-07T20:37:58","slug":"tracing-the-great-recession-and-recovery-through-help-wanted-ads","status":"publish","type":"post","link":"https:\/\/stateimpact.npr.org\/new-hampshire\/2012\/02\/07\/tracing-the-great-recession-and-recovery-through-help-wanted-ads\/","title":{"rendered":"Tracing The Great Recession And Recovery Through Help Wanted Ads"},"content":{"rendered":"<div id=\"attachment_5925\"  class=\"wp-caption module image right\" style=\"max-width: 300px;\"><a class=\"fancybox\" title=\"Official jobs and unemployment numbers aren't the only way to trace the recession and the recovery\" href=\"http:\/\/stateimpact.npr.org\/new-hampshire\/files\/2012\/02\/2011604579_d3ecd4b94c.jpg\" rel=\"\"><img decoding=\"async\" loading=\"lazy\" class=\"size-medium wp-image-5925\" title=\"Pink and Orange\" src=\"http:\/\/stateimpact.npr.org\/new-hampshire\/files\/2012\/02\/2011604579_d3ecd4b94c-300x168.jpg\" alt=\"\" width=\"300\" height=\"168\" srcset=\"https:\/\/stateimpact.npr.org\/new-hampshire\/files\/2012\/02\/2011604579_d3ecd4b94c-300x168.jpg 300w, https:\/\/stateimpact.npr.org\/new-hampshire\/files\/2012\/02\/2011604579_d3ecd4b94c-220x123.jpg 220w, https:\/\/stateimpact.npr.org\/new-hampshire\/files\/2012\/02\/2011604579_d3ecd4b94c.jpg 500w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/><\/a><p class=\"wp-media-credit\">kandyjaxx \/ Flickr<\/p><p class=\"wp-caption-text\">Official jobs and unemployment numbers aren&#39;t the only way to trace the recession and the recovery<\/p><\/div>\n<p>After years of speculation on a &#8220;jobless recovery,&#8221; finally, <a title=\"Is the &quot;jobless recovery&quot; over?\" href=\"http:\/\/www.cbsnews.com\/8301-505123_162-57371814\/is-the-jobless-recovery-over\/\" target=\"_blank\">things could be looking up<\/a>&#8211;at least for the moment.\u00a0 This week, <a title=\"January Employment Situation Summary\" href=\"http:\/\/www.bls.gov\/news.release\/empsit.nr0.htm\" target=\"_blank\">the Bureau of Labor statistics reported<\/a> some serious gains on the national jobs front for January, with the creation of 243,000 jobs.<\/p>\n<p>While job counts and unemployment numbers are the most common ways to measure the national employment situation, they aren&#8217;t the only angle worth examining.\u00a0 <a title=\"The Conference Board: About Us\" href=\"hhttp:\/\/www.conference-board.org\/about\/\" target=\"_blank\">The Conference Board<\/a>, a global business research firm, recently released a <a title=\"Help-Wanted OnLine Data Series\" href=\"http:\/\/www.conference-board.org\/data\/request_form.cfm\" target=\"_blank\">set of data<\/a> looking at online Help Wanted ads from May of 2005 to January of 2012.<!--more--><\/p>\n<p>With the Conference Board data, we were able to chart the course of the Great Recession and the long march toward recovery.\u00a0 If you run your cursor over the each point on the chart below, you can see how many new Help Wanted ads posted online for each month, or how many total ads&#8211;old and new&#8211;were posted that month.<\/p>\n<p><iframe loading=\"lazy\" src=\"https:\/\/docs.google.com\/spreadsheet\/pub?hl=en_US&amp;hl=en_US&amp;key=0Atb_8tUjelW6dEpNd19Lbkw4R0ozME84b3lTa1VJSlE&amp;single=true&amp;gid=1&amp;output=html&amp;widget=true\" frameborder=\"0\" width=\"600\" height=\"400\"><\/iframe><\/p>\n<h6>Data Source: The Conference Board<\/h6>\n<p>Both total and new online job listings peaked in April 2007.\u00a0 Things chug along at a fairly even rate up through September 2008, when <a title=\"Case Study: The Collapse of Lehman Brothers \" href=\"http:\/\/www.investopedia.com\/articles\/economics\/09\/lehman-brothers-collapse.asp#axzz1ljC9twDx\" target=\"_blank\">Lehman Brothers failed<\/a>.\u00a0 If you look at the new job listings, you can see after that&#8230;the bottom drops out.\u00a0 We hit a trough in new job listings in March 2009, with 1.7 million new postings.\u00a0 Then in September, there&#8217;s another 1.7 million posting trough.\u00a0 (The nadir of <em>total<\/em> job postings was actually in May 2009, at 2.7 million.) Since then, it&#8217;s been a more-or-less steady climb upward in terms of new (and total) online job listings.<\/p>\n<p>Interestingly,the federal government reports 243,000 jobs were added in January (which is highly unusual, anyway, since there&#8217;s usually a bit of a drop when holiday temp workers leave).\u00a0 Meanwhile, according to The Conference Board data, while new postings dipped this past January (as one would expect), <em>total <\/em>postings were up slightly, which is more in line with the government&#8217;s report.<\/p>\n<p>&nbsp;<\/p>\n<p><em>&#8220;*Total ads are all unduplicated ads appearing during the reference period.\u00a0 This figure includes ads from the previous months that have been reposted as well as new ads.<\/em><\/p>\n<p><em>**New ads are all unduplicated ads which did not appear during the previous reference period.\u00a0 An online help wanted ad is counted as &#8220;New&#8221; only in the month it first appears.&#8221;&#8211;Notes as written in Conference Board data set.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>After years of speculation on a &#8220;jobless recovery,&#8221; finally, things could be looking up&#8211;at least for the moment.\u00a0 This week, the Bureau of Labor statistics reported some serious gains on the national jobs front for January, with the creation of 243,000 jobs. While job counts and unemployment numbers are the most common ways to measure [&hellip;]<\/p>\n","protected":false},"author":28,"featured_media":5925,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[14],"tags":[83,558],"acf":[],"_links":{"self":[{"href":"https:\/\/stateimpact.npr.org\/new-hampshire\/wp-json\/wp\/v2\/posts\/5897"}],"collection":[{"href":"https:\/\/stateimpact.npr.org\/new-hampshire\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stateimpact.npr.org\/new-hampshire\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stateimpact.npr.org\/new-hampshire\/wp-json\/wp\/v2\/users\/28"}],"replies":[{"embeddable":true,"href":"https:\/\/stateimpact.npr.org\/new-hampshire\/wp-json\/wp\/v2\/comments?post=5897"}],"version-history":[{"count":35,"href":"https:\/\/stateimpact.npr.org\/new-hampshire\/wp-json\/wp\/v2\/posts\/5897\/revisions"}],"predecessor-version":[{"id":5936,"href":"https:\/\/stateimpact.npr.org\/new-hampshire\/wp-json\/wp\/v2\/posts\/5897\/revisions\/5936"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/stateimpact.npr.org\/new-hampshire\/wp-json\/wp\/v2\/media\/5925"}],"wp:attachment":[{"href":"https:\/\/stateimpact.npr.org\/new-hampshire\/wp-json\/wp\/v2\/media?parent=5897"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stateimpact.npr.org\/new-hampshire\/wp-json\/wp\/v2\/categories?post=5897"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stateimpact.npr.org\/new-hampshire\/wp-json\/wp\/v2\/tags?post=5897"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}