Report: Online Job Demand Down In June

Online advertised vacancies declined 66,700 to 3,294,800 in June, according to The Conference Board Help-Wanted Online Data Series released today.

NEW YORK -- Online advertised vacancies declined 66,700 to 3,294,800 in June, according to The Conference Board Help-Wanted Online Data Series (HWOL) released today.

In the five months since January, online labor demand has dropped a relatively modest 71,000, in sharp contrast to the 1,200,000 decline in the previous five months from August 2008 to January 2009.

“We are not out of the woods yet, but job demand has definitely stabilized since January,” said Gad Levanon, Senior Economist at The Conference Board. “Although there is some bounce in the monthly numbers, the number of online advertised vacancies has held steady in the last three months (up a modest 35,000). Across the U.S., it is an increasingly mixed picture with some states, like Florida and Georgia, showing some modest gains, others such as New York, North Carolina holding steady, and some, like California and Pennsylvania, yet to show real improvement.”

The number of advertised vacancies declined in June in all four regions of the country (Northeast, South, Midwest and West), ranging from a modest drop of 3,400 in the Southern region to 18,100 in the Northeast, 13,400 in the Midwest and 10,300 in the West.

“The June data shows an almost even split between the number of states with increases and the number with declines,” said Levanon. “But there are clear signs that the employers are advertising again for workers and in some states the trend over the last few months has improved.”

The Conference Board Help-Wanted Online Data Series measures the number of new, first-time online jobs and jobs reposted from the previous month on more than 1,200 major Internet job boards and smaller job boards that serve niche markets and smaller geographic areas.

For more information see Conference Board Online Job Data.

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