Shrinking Job Market

Rohini

Take a look at the counter for “ Live Jobs “ on ,

http://www.customizeresume.com/Jobseeker/JobSearchConventional.aspx

Today , it reads …. 14,861
Some 6 months back , it read , approx 30,000
This counter is constructed from Jobs RSS Feeds from , Naukri / TimesJobs / MonsterIndia and ClickJobs
Hence , it is fairly representative of the job market in the organized sector
It would have been a fairly simple exercise to plot the daily figures in a graph to reveal the gradually declining no of jobs being advertized
That would not require use of any Data Mining tool
However , without applying some simple data mining tool , it would not be possible to answer the following questions :

Where is the greatest decline of jobs being advertized ? How much is the percentage decline ?

Ø In which Industry ?

Ø In which Company ?

Ø In which City ?

Ø In which Region ?

Ø In which Skills ?

Ø For which Positions ?

Ø For which Education Levels ? ………… etc

With a data mining tool , such individual graphs could emerge ( within fraction of a second ) at the click of a button !
One could even co-relate these graphs with other , publicly available statistical data such as :

Ø IIP ( Index of Industrial Production )

Ø Stock Market Index

Ø Currency Exchange Rate ( eg; declining Rupee )

Ø Decline in GDP / Increasing Fiscal Deficit

Ø CAD ( Current Account Deficit )

Ø Foreign Investments

Ø Primary Bank Rates of RBI…………………………….etc

With proper co-relations , one could even predict how much the job market will further shrink , over the next 6 months !

Such” Predictive Model of Job Market “, would be of immense interest to , not only the economists but also to the HRD Ministry / Planning Commission / Educational Institutions and of course the students themselves

I believe you could now , accelerate the pace of your project

I await to hear from you

hcp