By: E&P Staff
The Conference Board said that its Help-Wanted Advertising Index fell two points in March compared to February and 10 points compared to March a year ago. The index stands at 19.
Additionally, the organization said it plans to cease publishing the Index after July 1.
All nine U.S. regions experienced declines in help-wanted advertising in March with the most severe decreases occurring in the North East Central (down 20.3%), West North Central (down 18.1%), and East South Central (down 16.7%) regions.
“The cumulative impact of the housing crisis, financial market turmoil, higher energy and other prices is slowing the overall economy and resulting in job cuts and reduced hiring intentions — with the prospect that declines may steepen,” said Ken Goldstein, labor economist at the Conference Board, in a statement.
The Help-Wanted Index surveys print advertising volume in 51 major newspapers across the country.