* The decline in October is partly seasonal
* Online advertised vacancies are up 8.6% over the year * New England and Pacific regions post no over the year gains in advertised
vacancies * Healthcare professional and technical workers remain in high demand
NEW YORK, Oct. 31 /PRNewswire/ -- In October there were 4,161,700 online advertised vacancies, a decrease of 108,300 or -2.5% percent from the September level, according to The Conference Board Help-Wanted OnLine Data Series(TM) (HWOL) released today. Nationally online advertised vacancies were up (8.6%) over the year (October '06-October '07). There were 2.71 advertised vacancies online for every 100 persons in the labor force in October.
"The year on year growth rate of online advertised vacancies, while still positive, has slowed in recent months, and the 8.6% increase (October '06- October '07) is the smallest since this series began in May 2005," said Gad Levanon, Economist at The Conference Board. "These data suggest that the slow pace in the labor market will continue in the months ahead and is likely to extend into the early months of 2008. We are getting the same signal from The Conference Board Consumer Confidence survey released yesterday, which showed further weakness in the labor market and the U.S. economy as a whole."
THE NATIONAL - REGIONAL PICTURE
In October, 2,875,300 of the 4,161,700 unduplicated online advertised vacancies were new ads that did not appear in September, while the remainder are reposted ads from the previous month. The 2.5 percent decrease in total ads was caused primarily by a 2 percent decrease in new ads. Despite these declines, over-the-year (October '06 - October '07) total ads and new ads rose 8.6 percent and 13.8 percent, respectively.
The national decline in advertised vacancies between September and
October '07 reflected a lower volume of ads in eight of the nine Census
|SOURCE The Conference Board|
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