Well, we (LINKUP) called it. Again. Two days ago, ahead of the ‘official’ Department of Labor report issued at 7:30 am CST this morning, @TobyDayton released the LinkUp numbers showing a dramatic improvement in the jobs report for January. Most pundits, networks, bloggers and followers were on the other side. Cretins. Never go against LINKUP.
January’s jobs report from the Department of Labor is scheduled to be released later this week and based on data released this morning by LinkUp, Friday’s report will show that the job market improved sharply during the month. LinkUp, a job search engine that indexes jobs from over 20,000 company websites throughout the U.S., reported that new job listings on company websites rose by 69,082 (18%) from December. Total job listings on company websites in LinkUp’s search engine increased by 34,525 (4%). This is in sharp contrast to LinkUp’s dismal December report in which new and total job listings plummeted by 24% and 17% respectively.
Our data comes directly from company websites. Over 20,000 of them. We aggregate ALL the jobs up on those websites, put them into one simple job search engine so that job seekers can find these often-hidden, seldom advertised to the outside world, real jobs. Companies are hiring. We counted them up.
Compare that to the ‘other’ approach. It is real scientific. Twelve thousand interns are spread around the country and are paid to drive around and count up HELP WANTED signs in store fronts. If there are more than in the previous months, employment must be up. Actually, that is not true. What they do do, is call us the local daily newspapers and ask “Hey, how big was the job classified section last month? Oh, THAT bad?” Sign of a worsening jobs outlook, help wanted ads in newspapers are Down Down. No, actually, what they do do is call up Monster, HotJobs (samesame), and CareerBuilder (oh this is owned by newspapers, right?) and ask them “How many companies paid $350 last month to post their help wanted ad? Oh, THAT bad?”) Nevermind that companies are NOT posting ads any more because it is a dying business, what with the new-found ability for companies to post jobs on their home website now. Do do.
What “they” should have done instead is just wait for the LinkUp report to be issued 48 hours ahead of the Guvment’s.
Obviously, I jest a bit. But really. One indicator that the government relies on is the Monster Index. Sort of like the Safety Council getting safety reports from Toyota, wouldn’t you say? Last month, contrary to EVERYONE LinkUp.com and Toby called it again, saying the jobs report would be horseshit terrible. Here was last month’s ‘call.’ Today, they even corrected those numbers. Downward. We were even MORE right.
Today should be busy as we field calls from NBC, CBS, ABC, FOX, MSNBC, CNN, MediaDailyNews, Kim Komando, Wall Street Journal, FastCompany, Wired, INC, Newsweek, Time, US NEWS, the New York Times, USATODAY, Bloomberg, BusinessWire, Brian Williams, Katie Couric, Diane Sawyer, Katrina vanden heuvel (I KNOW she reads WWDS), Jon Stewart, Stephen Colbert, and every other economist whose job depends on having the most accurate information ahead of the pack.