Here at Bright, we believe data science will change the way the world hires.

Over the past several months, we have examined and observed: the number of job vacancies nationwide is a strong indicator of payroll-based estimates of national employment. The primary component is simple: if there are more people hiring, there are more people getting hired.

In August, our data indicates an increase in employment of 160,000 people.

While this is modestly down from that observed in July, employment is elevated relative to the four prior months. The Bright Employment Index has also proven highly indicative of Bureau of Labor and Statistics data (see Figure).

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While July figures were relatively strong, in August twelve sectors superseded July as indicated by percent change, indicating that these industries were even stronger in August (see Table).

But tracking the overall job market with the Bright Employment Index is just a small part of our vision of how we can present a rich picture of how, where and why hiring is happening…

September 19, 2012: employment science becomes reality. 

Every day there are upward trends in the employment market, despite the overall state of the economy. Everyday people are hired, fired, and desired. It is our mission to inform and reform; to make employment data accessible and actionable for the average job seeker or hiring manager. At Bright, we will reveal upward-trending cities, sectors, positions, and candidates, and place them at your fingertips.

Jacob Bollinger
Data Insights Scientist
jacob@bright.com

Bright Labs, Employment Index