METRO AREA HIGHLIGHTS
47 of top 52 Metro areas post over-the-year declines in job demand in August
Virginia Beach labor demand up 1,200 over last year's levels, Tampa gains 600, Riverside gains 500, Orlando gains 400, and Providence remains constant
In August, only 5 of the 52 metropolitan areas for which data are reported separately posted over-the-year increases in the number of online advertised vacancies. Virginia Beach, with 21,100 ads, was above last year's level (6 percent). Tampa, with 34,400, gained 600 advertised vacancies compared to last year. Riverside, with 25,800, gained 500. Orlando, with 30,900, gained a modest 400. Providence showed no change from last year. Among the three metro areas with the largest numbers of advertised vacancies, the New York metro area was about 14 percent below its August 2008 level and the Los Angeles metro area was 19 percent below its August 2008 level. Washington, D.C. was down 1,400, or 0.8 percent, from last year's level.
The number of unemployed exceeded the number of advertised vacancies in all of the 52 metro areas for which information is reported separately. Washington, D.C. and Salt Lake City were the locations with the most favorable supply/demand rates, where the number of unemployed looking for work was only slightly larger than the number of advertised vacancies. (Table C) On the other hand, metro areas in which the respective number of unemployed is substantially above the number of online advertised vacancies include Detroit, MI, where there are nearly 12 unemployed people for every advertised v
|SOURCE The Conference Board|
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