ASCEND REGISTERED NURSE JOB POSTINGS INDEX (ARNJPI)*

Ascend Registered Nurse Job Postings Index (ARNJPI)*

  • Launch: February 18, 2019
  • Initial Period: January 1st - June 9th
  • Current Period: June 3rd - June 9th
  • Reporting: Weekly (Every Wednesday)

Why is the Index Important?

  • This index will help employers create better strategic plans based on real-time hiring data.
  • Assist in predicting recruitment advertising costs as well as the “time to find” registered nurse candidates.
  • Tracking the index can help identify the most optimal times of the year to open new searches for registered nurses.
  • Organizations planning for expansion or acquisition can predict the degree of difficulty on staffing up during certain times of the year.

Jobs Postings Show Up Big, 6/9/2019

  • It had been 2 ½ months since the ARNJPI had big job postings.
  • The ARNJPI started the week at 113 and quickly blew past this job postings index through the whole week.
  • The ARNJPI reached a 2 ½ year high at the end of the week at 2289.
  • The big postings this this past week are a welcomed sign for registered nurse jobs, which had gone through a very weak start to 2019’s spring months.

A Stronger Heartbeat, 6/2/2019

  • For most of May, job postings were basically flat.
  • Then, a sign of life showed up last week, with the ARNJPI reaching a high of 370 on Sunday (5/26).
  • Some further sign of life showed up with this past week’s heartbeat.
  • The ARNJPI went from a low of 19 to start to week to a high of 561 midway through the week.
  • Overall, the volatility of January through March haven’t shown up in the last two months, but conditions are still moving along.

The Revival is Back, 5/26

  • After 3 weeks of basically nothing, registered nurse job postings came back to life.
  • The ARNJPI began the week at 76, and quickly jumped to a high of 370 on Sunday (5/26).
  • Although not exactly booming like the middle weeks of February and April, job postings are heading in a positive direction.

An Unbelievable Sleepy Week, Week Ending 5/19

  • As observed in the prior week, In January, February, and March, Ascend’s Job Postings Index (ARNJPI) had some rousing movements.
  • The ARNJPI went from lows of 300 to highs above 2600.
  • In contrasting to the excitement of prior months, this past week was the sleepiest ever.
  • The ARNJPI barely moved, going from 82 and ending at 75.
  • Not exactly an indication of future booming job postings on the horizon. In fact, if the past three weeks are any indication, there’s reason to be a little worried.

Not a Very Booming Start to May, Week Ending 5/12

  • In January, February, and March, Ascend’s Job Postings Index (ARNJPI) had some rousing movements.
  • The ARNJPI went from lows of 300 to highs above 2600.
  • April and May’s figures have been incredibly uneventful.
  • The ARNJPI started the week at 67 and ended at 78.
  • With the American economy generating over 200,000 jobs each month, one would expect the current slowness to pick up.
  • Next week’s report may be telling, as this year we’ve seen jumps in the middle of all of the previous months.

A Trickling End to April and Slow Start to the Spring Hiring Season

  • After some strong readings in January, February, and March, Ascend’s Job Postings Index (ARNJPI) had a very weak April and so far a slow start to the spring hiring season.
  • The ARNJPI started the week at 71 and ended at 101.
  • The high for the week was 105, making the start to the spring hiring season the least volatile of any week we’ve seen so far this year.
  • This week start to the spring hiring season suggests perhaps some caution on behalf of employers in the wake of a booming labor market overall.

Net a Very Pretty End to April (4/28)

  • Overall, Ascend’s Job Postings Index (ARNJPI) had a very weak April.
  • The ARNJPI started the week going from a respectable 602 to a weak 77.
  • The Index didn’t improve much from there, with an average daily value for the week of 71.
  • In January and February, the Index peaked middle month.
  • March saw the ARNJPI peak closer to the end of the month.
  • No such peak occurred in April, which begs the question of whether April is signaling something deeper. We shall see.

Another Ho-Hum Kind of Week (4/21)

  • It was a third straight week of ho-hum performance for Ascend’s Job Postings Index (ARNJPI).
  • The ARNJPI started the week at 792, and slowly tricked down from there.
  • The Index ended the week at 602, below the prior week’s final data point of 784.
  • In January and February, the Index peaked in the middle of the month.
  • March saw the ARNJPI peak closer to the end of the month.
  • We’re still waiting to see if a surge shows up in April.

Relative Moderacy Has Ruled April So Far (4/14)

  • Ascend’s Job Postings Index (ARNJPI) looked to be resurging earlier in the month.
  • That appearance has given way to a relative moderacy for April so far.
  • Overall, the ARNJPI started the month at 277 and through April 14th is at 744.
  • In January and February, the Index peaked in the middle of the month.
  • March saw the ARNJPI peak closer to the end of the month.
  • April certainly hasn’t seen a surge similar to January/February.

Perhaps a Resurgence is on the Horizon?

  • After a very slow end to March, Ascend’s Job Postings Index (ARNJPI) began a resurgence.
  • Overall, the ARNJPI started the month at 277 and ended at 901.
  • In January and February, the Index peaked in the middle of the month.
  • March saw the ARNJPI peak closer to the end of the month.
  • It is too early to say that the initial readings are of sign of an April resurgence, but the direction is heading there.

March 25th through the 31st was Really Slow

  • After seeing job postings reach a high of 2691 on March 24th, this past week saw job postings weaken significantly.
  • Overall, the ARNJPI the month of March at 872.
  • March’s 872 end was still higher than what we saw at the end of February (672), but not as strong as what we saw at the end of January (943).
  • Interestingly, the slowdown in job postings at the end of March was much later than the mid-month slowdowns that occurred in January and February.

March 18th through the 25th Saw Postings Rise from the Dead

  • Last week saw job postings rise from the dead. The ARNJPI rose from 648 to 1226.
  • This week saw the index approach a high for the year, ending the week at 2691.
  • The week overall was quite significant in that we saw the strongest two day gain in the index since we began tracking job postings.
  • Overall, the ARNJPI went from 1178 to 2525 over the course of just two days (Thursday/Friday).

March 12th through the 17th Saw Postings Rise from the Dead

  • After a month of relative stagnation, the ARNJPI rose sharply.
  • The ARNJPI reached a high of 1226 on St. Patrick’s Day.
  • The Index rose consistently throughout the week, with not one down day.
  • As of now, it appears we may see a similar rise like we saw in the middle of February. February saw an all-time peak of about 2700. The ARNJPI still has a good ways to go before it gets there.

March 4th through the 11th was So-So

  • The first full week of March was a relatively ho-hum.
  • The ARNJOI started the week at 621, then sharply increased to 858.
  • After the Tuesday high, job postings slowly ticked down, ending the week at 550.
  • Some of this might stem from the national economy, which slumped in February, creating a much weaker-than-expected 20,000 jobs in the month.
  • The relatively lackluster start to March poses the question of whether we’ll see a repeat of a strong middle like we did in February.

February is over, and March is off to a slow start

  • The ARNJPI ended March 3rd at 557.
  • For the week, this was a decline from the 759 at the start of the week.
  • The relatively slow start to 2019 was somewhat surprising given that January and February started off strong.
  • Overall, the job postings this week were the steadiest (albeit at a relatively low level) we’ve seen so far this year.
  • The end of Q1 is coming up. Pay attention to how job postings grow to end the quarter.

What did we see the week ending Feb. 24, 2019?

  • This past week was relatively sanguine.
  • The ARNJPI started the week off at 805 and ended at 859.
  • It was the most stable week we’ve seen so far in 2019, as shown by the circled flat growth area.

What did we see from February 11th - 20th?

  • From the February 11th peak of 1979, the ARNJPI experienced a rough Valentine’s Day week.
  • During the week of love, the ARNJPI declined to a low of 483 on February 18th. Registered nurse job postings took a break.
  • After bottoming on the 18th, the ARNJPI has begun increasing again. On February 20th, the ARNJPI reached 1202, slightly higher than the 1093 average for 2019.

Ascend Registered Nurse Job Postings Index (ARNJPI)*

Another Job Posting Surge Identified!

  • Nurse job posting began to surge a second time in February.
  • With the exception of a couple of blips, the index continually increased from January 19th through February 11th, reaching a high of 1979.

Ascend Registered Nurse Job Postings Index (ARNJPI)*

Welcome to the new Ascend Registered Nurse Job Postings Index (ARNJPI)!

The ARNJPI captures the number of job postings across the major job postings websites relative to the estimated number of registered nurses employed.

The ARNJPI started the year off strong at 1353. It then jumped further to a peak of 1868 on Sunday January 12th.

After going strong, nurse job postings slowed in the middle half of the month, going from the January 12th’s 1868 to a low of 292 over the following week.

Ascend Registered Nurse Job Postings Index (ARNJPI)

How is the ARNJPI constructed?

  1. The first numerator in the index is the count of the number of registered nurse jobs posted across the most well-known job postings websites. (Indeed & Glassdoor using the keyword “registered nurse”)
  2. Numerator is divided by the estimated number of nurses employed across the U.S. (Bureau of Labor Statistics)
  3. Ratio is seasonally adjusted and smoothed out by performing a 7-day rolling average of the ratio.
  4. Lastly, for reporting purposes, the index is normalized to the thousands.

New Registered Nurse Job Postings

Divided by

Employed Registered Nurses

Seasonally Adjusted & Normalized

Index Released Weekly

*Ascend Registered Nurse Job Postings Index (ARNJPI) is property of Ascend HR Corp. Usage of this information is authorized as long as both Ascend HR Corp and either Ascend Registered Nurse Job Postings Index or ARNJPI are attributed in the material presented.

Ascend Registered Nurse Job Postings Index (ARNJPI)

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*Ascend Registered Nurse Job Postings Index (ARNJPI) is property of Ascend HR Corp. Usage of this information is authorized as long as both Ascend HR Corp and either Ascend Registered Nurse Job Postings Index or ARNJPI are attributed in the material presented.