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WANTED Estimates Decline of 868,000 Jobs in Upcoming February '09 BLS Employment Report

Posted on: Thu, 05 Mar 2009 09:00:00 EST

Symbols: WAN

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NEW YORK, NY, Mar 05, 2009 (MARKET WIRE via COMTEX) --
WAN | Quote | Chart | News | PowerRating -- WANTED Technologies (TSX-V: WAN), the leading source of insight and
analysis based on hiring demand, is forecasting that the Bureau of
Labor Statistics will announce a loss of 868,000 jobs in its upcoming
report on US non-farm payrolls for February 2009. 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.

"When you include hiring demand in the non-farm payroll model, the
forecasted loss is quite large," said Bruce Murray, President and CEO
of WANTED Technologies. "Demand is still well below the prior year and
about at the same level as in January."

In addition to forecasting the change in total non-farm payrolls,
WANTED is also forecasting changes in selected industry payrolls. The
weekly hiring demand data that WANTED collects from online job boards
is detailed enough to be able to track employment levels at the
industry and occupational level.

For the selected industries forecasted for February, WANTED is
predicting a loss of 61,000 jobs in Transportation and Warehousing; a
loss of 24,000 jobs in Finance and Insurance; and a gain of 36,000
jobs in Healthcare.

Notable within these forecasts is the prediction that the rate of
decline in the Finance and Insurance sector may be stabilizing. Job
losses in that sector continue, but the number of jobs being
eliminated each month is approximately the same as the monthly losses
each month for the prior four months.

WANTED's estimates are based on a model that incorporates its own
hiring demand data with data supplied by government agencies and other
leading researchers. WANTED analyzes more than six million job
listings per week -- giving it an extraordinary amount of information
about what is -- and is not -- happening in the employment market.
Over the past five months, when the demand for labor dropped
precipitously in the wake of the financial crisis, WANTED's model was
able to anticipate the employment losses more accurately than other
consensus estimates released prior to the BLS figures.

Later this month, WANTED will launch its subscription-based Hiring
Demand Indicators, a web-based service that permits clients to access
hiring demand levels across geographies, industries and occupations.

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

About WANTED Technologies Corporation

WANTED is the leading source of insight and analysis based on hiring
demand. Clients in the media, HR/staffing, financial services and
government sectors use WANTED's online data and SaaS-based analytical
solutions to identify economic trends, analyze competitive and market
activities and prioritize sales opportunities.

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

WANTED Technologies (TSX-V: WAN | Quote | Chart | News | PowerRating) 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 hundreds of millions of unique job listings.
Visit www.wantedtech.com for more information about how WANTED helps
organizations make better decisions and improve sales results.

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.

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Note to editors: Trademarks and registered trademarks referenced herein
remain the property of their respective owners.

Media Contacts:

Ms. Juli A. Morris
Director of Marketing
Tel: (212) 242-4703
Email: Email Contact

Mr. Martin Auclair
VP Finance and CFO
Tel: (418) 523-6663, ext. 337

SOURCE: WANTED Technologies

http://www2.marketwire.com/mw/emailprcntct?id=5077BB2C2D9DBDAB

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