Significant Drop in Online Jobs Ads

By The Conference Board, Special for  USDR

Online advertised vacancies decreased 157,700 to 4,605,700 in July, according to The Conference Board Help Wanted OnLine® (HWOL) Data Series, released today. The June Supply/Demand rate stands at 1.46 unemployed for each advertised vacancy, with a total of 2.2 million more unemployed workers than the number of advertised vacancies. The number of unemployed was approximately 7.0 million in  June.

The Professional occupational category saw losses in Computer and Math (-20.7) and Management (-6.0). The Services/Production occupational category saw losses in Sales (-27.3), Office and Administrative Support (-16,5), and Food Preparation  (-7.7).

For more information, including press release and technical notes:

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.

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.