The New Labor Market

The Economist has a good article on Jeff Taylor, Monster, and how hiring has been changed forever.

THE words "jobless recovery" irk Jeff Taylor. Scrunching himself into his chair, his long legs and enormous feet tucked up under him, he lists all the evidence that the American economy, at least, is at last creating jobs again. January and February were better months for the world's biggest online job-search site,, which Mr Taylor launched ten years ago this April.

Sales jobs, always in Monster's top five, both by postings of job-seekers' r�sum�s and by prospective employers' searches, are now the top category, after picking up gradually over the past year along with American consumer confidence. Accounting and finance jobs are now the second category, thanks to stronger demand from companies in the wake of Enron, WorldCom and other corporate frauds. More tellingly, entry-level jobs began to pick up last autumn. And jobs in information technology were 16% higher in February than a year earlier.

Easier access to information improves the capitalistic process. The people who make such gains are usually rewarded heavily. In the end, we are all winners when the productivity of anything increases.

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