By: E&P Staff
Online advertised job vacancies tumbled 13.2% in May compared to the same month a year ago, according to the Conference Board Help-Wanted Online Data Series. The organization notes this is the third consecutive month of year-over-year declines. However, May job vacancies rose 6% compared to April.
“May shows a slight recovery from the large April decline, but overall the number of online advertised vacancies has been on a downward trend for the past several months,” Gad Levanon, an economist at the Conference Board, said in a statement. “This lackluster job outlook is clearly a contributing factor in consumer confidence shrinking to its lowest point in nearly two decades, as reported by the Conference Board Consumer Confidence Survey.”
All nine regions measured by the organization experienced declines in the number of online job vacancies posted. Year-over-year decreases occurred in 43 states. Colorado, Nevada, and Alaska continue to see a large number of advertised vacancies. Ad volume in California, the state with the largest labor force, fell 28% by nearly 200,000 ads. In Texas, the volume of ads was down 13%, while in New York it was down 16%.
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 job boards.