WANTED Technologies Predicts Loss of 52,000 Jobs in Upcoming March '10 BLS Employment Report

NEW YORK, March 29 /PRNewswire-FirstCall/ -- WANTED Technologies (TSX-V: WAN), the leading source of real-time employment market information, is forecasting that the Bureau of Labor Statistics (BLS) will announce a loss of 52,000 jobs in its upcoming report on US non-farm payrolls for March 2010.

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The forecast for March of a loss of 52,000 jobs is a relative worsening over the February loss of 36,000 jobs. Since February, Unemployment Insurance claims have increased slightly. Also, while WANTED's Hiring Demand indicators continue to show increases in new job ads, February's increase was less than the growth seen in recent months. This slight softening in the growth in Hiring Demand, combined with recent increases in UI claims, do not allow WANTED to forecast a more positive month-over-month employment report.

WANTED's forecasting model incorporates overall Hiring Demand based in part on a weekly measurement of the number of job ads placed with online job boards. The weekly Hiring Demand data that WANTED collects from online job boards tracks employment levels at the industry and occupational level. (More detailed analysis is available at http://www.wantedanalytics.com/insight/.)

WANTED's forecasts and analysis are available as part of its subscription-based Hiring Demand Indicators™ (HDI) service. The online service offers timely Hiring Demand data for economists and researchers monitoring the recent stimulus package and the economic recovery. The HDI service includes: a license to access WANTED Analytics™ Apps, a suite of applications that provide real-time employment market intelligence; and the analysis and discussion in WANTED's blog, "Jobs. Trends. Insight."

WANTED also supplies its data to The Conference Board, which relies on it to produce its monthly Help-Wanted OnLine Data Series™.

About WANTED Technologies Corporation

WANTED is the leading source of real-time employment market information. The company provides insight and intelligence via its family of WANTED Analytics™ Apps found at www.wantedanalytics.com. Clients in the media, HR/staffing and government sectors use WANTED Analytics Apps to prioritize sales opportunities, identify economic trends, and analyze competitive market conditions.  

WANTED is also the exclusive data provider for The Conference Board's Help-Wanted OnLine Data Series™, the monthly economic indicator of Hiring Demand in the United States.

WANTED Technologies (TSX-V:WAN) was founded in 1999. The company's headquarters are in Quebec City, Canada, and it maintains a US-based subsidiary with primary offices in New York City. The company began collecting detailed Hiring Demand data in October 2002, and currently maintains a database of more than 500 million unique job listings. To sample WANTED's services, visit www.wantedanalytics.com. For more information about how WANTED helps organizations make better decisions and improve sales results, visit www.wantedtech.com.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.  Any statement that appears prospective shall not be interpreted as such.

SOURCE WANTED Technologies