Big Drop in Online Job Ads

By The Conference Board, Special for USDR

Online advertised vacancies decreased 45,800 to 4,763,400 in June, according to The Conference Board Help Wanted OnLine® (HWOL) Data Series, released today. The May Supply/Demand rate stands at 1.43 unemployed for each advertised vacancy, with a total of 2.1 million more unemployed workers than the number of advertised vacancies. The number of unemployed was approximately 6.9 million in May.

The Professional occupational category saw losses in Healthcare Practitioners (-27.7), Business and Financial Operations (-16.3), and Computer and Math (-11.5). The Services/Production occupational category saw gains in Food Preparation (23.3) and Transportation (6.3) and losses in Office and Administrative Support (-8.8).

For more information, including press release and technical notes:  http://www.conference-board.org/data/helpwantedonline.cfm

About The Conference Board

The Conference Board is a global, independent business membership and research association working in the public interest. Our mission is unique: To provide the world’s leading organizations with the practical knowledge they need to improve their performance and better serve society. The Conference Board is a non-advocacy, not-for-profit entity holding 501 (c) (3) tax-exempt status in the United States.  www.conference-board.org

NOTE: Recently, the HWOL Data Series has experienced a declining trend in the number of online job ads that may not reflect broader trends in the U.S. labor market. Based on changes in how job postings appear online, The Conference Board is reviewing its HWOL methodology to ensure accuracy and alignment with market trends.

SOURCE The Conference Board

All opinions expressed on USDR are those of the author and not necessarily those of US Daily Review.
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