Help-Wanted Advertising Index Dips Again

January 9, 2008

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The Conference Board Help-Wanted Advertising Index – a key measure of job offerings in major newspapers across America -dipped one point in November to 21, compared with 29 a year earlier, according to the Conference Board.

In the previous three months, help-wanted advertising declined in all nine US regions, with the steepest declines in the Pacific (-12.8%), Mountain (-12.5%), and West North Central (-12.4%) regions.

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“The forward indicators of labor market activity offer little hope that the labor market will be spared,” said Ken Goldstein, labor economist at The Conference Board.

“The latest readings on print want-ad volume show some slowing in recent months, after slowly losing steam through the spring and summer. Data for online advertising also point to reduced job recruitment efforts. Initial unemployment claims have edged higher.”

Also, in November there were 4,072,600 online advertised vacancies, a decrease of 89,100 (-2.1%) from the October level, according to The Conference Board Help-Wanted OnLine Data Series. There were 2.65 advertised vacancies online for every 100 persons in the labor force in November.

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