Help-Wanted Online Ads Dip in July

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By: E&P Staff

The Conference Board help-wanted online data series reveals that the number of new online job ads fell slightly to 1,970,000 in July from just over 2 million in May and in June. The latest figure is still almost 10% higher than the 1,799,000 new online jobs posted in April.

The July dip in new online ad postings largely reflect the July 4th holiday week, when ad volume is lower than during the last three weeks of the month.

?While the new online job series is in its infancy, latest readings are consistent with other labor market data, which shows the United States labor market is holding steady,? Ken Goldstein, labor economist at the Conference Board, said in a statement.

The July numbers translate into 1.33 new online job ads for every 100 persons in the civilian labor force (people who are employed and those actively seeking work). The New England region, at 1.88 ads per 100 workers, continues to lead the way in the number of ads per 100 participants in the labor force. Following closely are the Pacific Coast (1.86) and Rocky Mountain (1.84) regions.

The Conference Board help-wanted data series measures the number of new, first-time online job ads posted on more than 1,200 major Internet job boards and smaller job boards that serve niche markets and smaller geographic areas.

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