- What are the S&P 500 LinkUp Jobs Indices? The S&P 500 LinkUp Jobs Indices are economic indicators of labor demand. Updated weekly, they are designed to measure changes in the global job listings posted by companies in the S&P 500 and its sectors, including subsidiaries.
The series includes the following indices:
- S&P 500 LinkUp Jobs Energy Index
- S&P 500 LinkUp Jobs Materials Index
- S&P 500 LinkUp Jobs Industrials Index
- S&P 500 LinkUp Jobs Consumer Discretionary Index
- S&P 500 LinkUp Jobs Consumer Staples Index
- S&P 500 LinkUp Jobs Health Care Index
- S&P 500 LinkUp Jobs Financials Index
- S&P 500 LinkUp Jobs Information Technology Index
- S&P 500 LinkUp Jobs Communications Services Index
- S&P 500 LinkUp Jobs Utilities Index
- S&P 500 LinkUp Jobs Real Estate Index
- Who is LinkUp? LinkUp is a data-driven job search company tracking job openings sourced directly from employer websites. LinkUp aggregates (“scrapes”) data on a daily basis directly from employer websites to track over 3.9 million jobs from over 50,000 companies.
- How can the S&P 500 LinkUp Jobs Indices be used? The purpose of these indices is to provide new insights into the S&P 500 and macroeconomic trends in the U.S. and the global market. Institutional and retail investors can use the indices to inform their investment decisions as they use other key economic indicators such as interest rates, gross domestic product, and the unemployment rate.
- How do these indices compare to other publicly available employment measures? Around a dozen private firms and government agencies provide U.S. labor market data. Some of these companies aggregate underlying job listing data while others develop labor market analytics through the use of survey or payroll data. The S&P 500 LinkUp Jobs Indices, however, represent a unique and valuable dataset relative to other employment measures.
Payroll and survey data focus on existing (filled) jobs and therefore tend to be backward looking. Other job listing datasets lack consistent, controlled collection and calculation processes and are subject to a range of issues including expired jobs, duplicate listings, and job board “pollution” such as scams, fraud, freelance postings, or expired or stale postings.
LinkUp’s job listings are sourced exclusively from company websites and refreshed daily, which mitigates collection and control issues and results in a more timely, forward-looking indicator than surveys or payrolls.