Monday, January 17, 2011

Internet job searching

According to a report released by the Pew Internet Project, 52 million Americans have hit the Internet in search of a job. That's a 60-percent jump over the number of people who used the Internet in their online job searches in March 2000. On an average day, more than 4 million people search out new opportunities on the Net, which is 33 percent higher than the daily job-search traffic two years ago. Online job searching is also a young-person's game. More than 60 percent of Net users between the ages of 18 and 29 have searched online for jobs, compared to 42 percent of people ages 30 to 49, and 27 percent of those ages 50 to 64. On a typical day, according to the study, twice as many men go online to hunt for jobs as women. Of the people with Internet access who look for job information online, the most active job seekers are those who log onto the Internet from work. Skilled laborers and office workers are the least likely to job hunt online. Fifty-five percent of people in media sales positions have looked for jobs online, compared to 44 percent of executives who search for jobs online and 49 percent of clerical and office workers. According to the study, 52 percent of the American workforce has Internet access at work. (July 31,2002)

How we gonna analyze this? Channel Theory of course. If the total hiring channel retains the same capacity, but the fast end, the arrival of resumes has speeded up by an order of magnitude, then the other channel component, the actual hiring, goes way down. In plain English, with many more resumes arriving, the firm can pick and choose the worker it wants at exactly the right time. Labor hoarding is unnecessary.

Why do we see the spiral in Brad's unemplyment-productivity chart?  Because this is a new method of hiring, we are changing the hiring production, and we see Fibonacci polynomial effect when we change rank in a channel.

How did I work this out? I searched these terms: 'internet job searching statistics' , and grabbed the first bonafide report here.

1 comment:

Anonymous said...

Who doesen't know these things? Cats, dogs, or cars? I mean, come on gimme some information here- like who really gets a job via the internet- anybody? By the way, why do all searches end up at a bulklshit site like yours? I think all serach engines are now rigged. Don't think its possible? Just try to get really "out there" you'll be reigned in to the same crap thats on MSNBC- like that's imformative.