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WANTED Technologies Launches Hiring Demand Indicators(TM) to Track Trends in Job Market
Subscription Service Offers Timely Hiring Demand Data to Monitor Stimulus Package and Economic Recovery
| Source: WANTED Technologies Corp.
NEW YORK, NY--(Marketwire - March 31, 2009) - WANTED Technologies (TSX-V : WAN ), the leading
source of insight and analysis based on hiring demand, today announced the
launch of the WANTED Hiring Demand Indicators, a web-based service that
enables researchers and analysts to access hiring demand levels across
geographies, industries and occupations, on a near real-time basis.
The subscription-based Hiring Demand Indicators service includes: a license
to access WANTED Analytics, the industry-leading online dashboard for
hiring demand intelligence; and the analysis and discussion in WANTED's
blog, "All About Hiring Demand," found at http://hdi.wantedanalytics.com.
"WANTED's Hiring Demand Indicators provide financial and economic research,
based in part on aggregating millions of online job postings from thousands
of job boards," said Bruce Murray, President and CEO of WANTED. "For
instance, we use the Hiring Demand Indicators to forecast upcoming monthly
Non-Farm Payroll figures from the Bureau of Labor Statistics. We have shown
that this additional set of data yields forecasts that are twice as
accurate as the 'Consensus Estimates' which are cited regularly prior to
the actual release."
The Hiring Demand Indicators include three-year trends in demand for
employees by occupation, industry and geography. Demand for new employees
-- which had slowed in 2008 following the onset of the recession in
December, 2007 -- fell precipitously in the fourth quarter of 2008. The
Hiring Demand Indicators offer analysts a way to track the course of the
economic recession by monitoring demand for employees on a very detailed
basis.
"We have already seen that the contraction in hiring demand varied by
industry as we entered the recession," said Murray. "Each recession is
different, and we expect the Hiring Demand Indicators to shed light on the
recovery as hiring in certain industries begins to pick up."
The Hiring Demand Indicators are available as a web-based service
delivered through a flexible online dashboard. More than three years of
trend data is available on individual companies and their hiring patterns.
WANTED also supplies its data to The Conference Board, which relies on it
to produce its monthly
Help-Wanted OnLine Data Series™.
About WANTED Technologies Corporation
WANTED is the leading source of insight and analysis based on hiring
demand. Clients in the media, HR/staffing, financial services and
government sectors use WANTED's online data and
SaaS-based analytical solutions to identify economic trends, analyze
competitive and market activities and prioritize sales opportunities.
WANTED is also the exclusive data provider for The Conference Board's
Help-Wanted OnLine Data Series™, the monthly economic indicator of
hiring demand in the United States.
WANTED Technologies (TSX-V : WAN ) was founded in 1999. The company's
headquarters are in Quebec City, Canada, and it maintains a US-based
subsidiary with primary offices in New York City. The company began
collecting detailed hiring demand data in October 2002, and currently
maintains a database of hundreds of millions of unique job listings. Visit
www.wantedtech.com for more information about how WANTED helps
organizations make better decisions and improve sales results.
The TSX Venture Exchange does not accept responsibility for the adequacy or
accuracy of this release. Any statement that appears prospective shall not
be interpreted as such.