Online Job Revenues Grow… but not this much!

Borrell Associates has released a report claiming Online Job Ad Revenues have tripled.
Having been head of corporate development at HotJobs, and cognizant of the fact that there are only six $10+ mm job boards today, I simply dont see how this could possibly be true.
The Newspaper Association of America shows a total growth in Newspaper recruitment spending (offline and online) of $433 mm through the first 9 months of this year, and Morgan Stnaley’s Publishing Handbook 2006 asserts a 10.3% growth rate in total help-wanted spending at the newspapers in 2005.
Further, Morgan Stanley’s estimates, which seem a lot more reasonable / in-line indicate online spending grew from $1.3 bn to $1.7 bn in 2005 while total help-wanted spending grew from $5.8 bn to $6.9 bn.
Other CEOs in the business I’ve blackberried this weekend find Borrell’s number, while welcome if true, a bit boosterish and incredible.
I’ve e-mailed Kip Cassino, the report’s author, for more data than is available in the skimpy Executive Summary, so stay tuned for more…

This entry was posted on Sunday, January 29th, 2006 at 6:54 pm and is filed under Job Search. You can follow any responses to this entry through the RSS 2.0 feed. You can skip to the end and leave a response. Pinging is currently not allowed.

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