BostonWorks' January 11 2004 Big Help Section Shows 10% Increase in Number of Recruitment Ads Over January 2003.News Editors/Business Editors BOSTON--(BUSINESS WIRE)--Jan. 14, 2004 Year over year increases fueled by growth in job postings for technology, finance and biotechnology positions BostonWorks, Greater Boston's most comprehensive recruitment services provider, today announced that the January January: see month. 11, 2004 Big Help recruitment section was the most successful Big Help section since September 2001, with a 10% increase in the total number of recruitment ads posted. The section featured approximately 2,000 recruitment ads placed by Boston's leading employers including Raytheon, Children's Hospital Boston Children's Hospital Boston is a children's hospital located in the Longwood Medical and Academic Area of Boston, Massachusetts. Located at 300 Longwood Avenue, Children's is adjacent both to its teaching affiliate, Harvard Medical School, and to Dana-Farber Cancer Institute. , BankNorth, Boston Scientific The Boston Scientific Corporation (NYSE: BSX) (abbreviated BSC), is a worldwide developer, manufacturer and marketer of medical devices whose products are used in a range of interventional medical specialties, including interventional cardiology, peripheral interventions, , Gillette, and others. The increase in recruitment ads spanned a wide variety of industries and positions, from healthcare to technology, and hourly to professional positions. Significant increases in recruitment advertising You can improve this article by adding links to related material, within the existing text. After links have been created, remove this message. For more information, see the . The transition point between a rising, expanding economy to a falling, contracting one. downturn A decline in security prices or economic activity following a period of rising or stable prices or activity. , including technology and finance. Recruitment ads placed for technology positions increased by 71% over the Big Help section in January 2003. For finance positions, the increase in recruitment ads was 52% for the same time period. Other categories that saw a significant increase included biotechnology (72%) and sales (30%). Published twice annually, the Big Help is the largest help-wanted section in New England New England, name applied to the region comprising six states of the NE United States—Maine, New Hampshire, Vermont, Massachusetts, Rhode Island, and Connecticut. The region is thought to have been so named by Capt. . With the number of pages determined by the number of recruitment ads placed by Boston's leading employers, the 59-pages of the January Big Help suggests an improvement in the local job market. "Help-wanted advertising is a leading indicator of employment conditions in the marketplace. As employers begin to add positions and ramp up Ramp Up To increase a company's operations in anticipation of increased demand. Notes: A company might 'ramp up' operations if they just signed a contract creating substantially more demand for their product. See also: Demand, Economies of Scale their hiring, recruitment advertising is one of the first places to see the increase," said Peter Newton, president of BostonWorks. "After nearly three years of challenges in the local market, we are finally beginning to see a pick-up in the number of jobs available in Greater Boston Greater Boston is the area of the Commonwealth of Massachusetts surrounding the city of Boston, Massachusetts. While Metro Boston tends to be the "Inner Core" surrounding the City of Boston, Greater Boston overlaps the North and South Shores, as well as the MetroWest region. . The January 11 Big Help clearly shows that local employers are increasing their hiring." More than 17,600 job posting are currently available on BostonWorks.com, the online job site of BostonWorks. This represents a 5% increase in the total number of postings on the site over January 2003. The Big Help ran in the January 11, 2004 issue of the Boston Sunday Sunday: see Sabbath; week. Globe, the region's largest daily newspaper. Online job postings are also available on the BostonWorks website at www.bostonworks.com About BostonWorks BostonWorks, a division of The Boston Globe, is the leading recruitment services provider in Greater Boston. Combining the power of The Boston Globe and Boston.com, BostonWorks reaches an audience of more than 2.4 million each week. In addition to the Sunday Globe's BostonWorks section, the division offers BostonWorks.com with more than 18,000 job listings and 500,000 resumes; industry-specific magazines such as "On Call" for nurses and allied health professionals; JobSource, a weekly career publication with distribution of over 100,000; and 12 career fairs held in Greater Boston throughout the year. |
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