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Online Job Demand Up 169,000 in August, The Conference Board Reports
Date:8/31/2009

NEW YORK, Aug. 31 /PRNewswire/ -- Online advertised vacancies rose by 169,000 to 3,464,800 in August, according to The Conference Board Help-Wanted OnLine Data Series (HWOL)(TM) released today. Since April 2009, online job demand is up by 300,000, with many of the largest States now showing stable trends following about two years of losses that began in May 2007. With the August data, there are now three States (New York, Maryland and Virginia) where the job demand trends have turned positive. The August increase included strong gains in several of the largest states, including California (26,700), Texas (21,900), Florida (15,700) and New York (11,100).

"The August increase is good news showing what we hope will be a continued improvement in job demand this fall," said Gad Levanon, Senior Economist at The Conference Board. August job demand data are in-line with The Conference Board's recently released Consumer Confidence Index which also rose in August, largely reflecting consumers' feelings that jobs were becoming easier to find. "While all of this is good news, the gap between the number of unemployed and the number of advertised vacancies still remains at about 11 million, with over four unemployed for every online advertised job vacancy," said Levanon.

Regional and State Highlights

August shows increases in all of the largest States

Large August increases in job demand in CA, TX, FL and NY

Online job demand finally appears to be stabilizing in the West following a long period of large losses

In the South, online advertised vacancies rose by 60,800 in August. Texas, which has been slower to show growth in labor demand, posted the largest August increase (up 21,900 to 240,500) and the overall trend in job demand in the state has been flat since April 2009
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SOURCE The Conference Board
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