Trust the BLS, or Indeed.com?

We like the monthly BLS reports here at MediaJobsDaily, but there may be an upstart player in town, cheezhead reports.

Paul Hamaker of the Birmingham Examiner tracked job listings through Indeed.com, and found that the “number of jobs available in last 7 days” was pretty accurate when compared to the next month’s BLS report.

Hamaker writes:

  1. Indeed predicted an increase in hiring at least two weeks prior to the Labor Department report for the same time frame in May 2009
  2. Indeed allows a broader spectrum inspection than the Labor Department data because it is searchable in boolean logic
  3. The correlation between Indeed.com
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