Conference Board Help-Wanted Index Dips in January

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By: E&P Staff

The Conference Board Help-Wanted Advertising Index dropped two points in January to 32. It was 38 one year ago.

Yet in the last three months, the organization said that eight of the nine regions it measures, help-wanted advertising advanced. The largest increase occurred in New England, up 35.8%. The Pacific region declined 6.9%.

The Conference Board surveys help-wanted print advertising volume in 51 major newspapers across the U.S. every month.

According to the Conference Board, the labor market was strong in the final months of 2006. ?The forward indicators of labor market activity suggest moderate economic growth will continue to deliver new jobs into the late winter and early spring months,? Ken Goldstein, an economist with the organization, said in a statement. ?The latest data shows that job advertising in print was up a little bit in December, and held on to most of that increase in January.?

The Index stood at 34 in December and at 29 in November.

For online help-wanted, the Conference Board said that in January, there were 3,141,800 online advertised vacancies, a decline of 6% from December. Over the year online advertised vacancies were up 12%.

?These data all add up to a picture of a labor market with a little more spark now than a few months ago,? Goldstein said.

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