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Online advertised job vacancies in July totaled 4,084,200 - 2.65 vacancies for every 100 persons in the labor force - or some 196,200 less than in June (down 4.6 percent, according to The Conference Board Help-Wanted OnLine Data Series (HWOL). But online advertised vacancies continue to be up substantially (20 percent) over the year (July ‘06 - July ‘07), writes MarketingCharts.
“The monthly decline in July in large part reflects the July 4th holiday week when ad volume dropped,” said Gad Levanon, Economist at The Conference Board. “Online job demand is running well above last year’s level, indicating that the national labor market continues to hold up.”
But The Conference Board Leading Economic Indicators “point to a little loss in momentum over the next few months. With the typical lagged response of the labor market, we may well see a moderation in national employment growth in the second half of the year while some of the hot local markets continue to show high ad rates and low unemployment,” Levanon said.
Highlights from The Conference Board HWOL for July:
The National Picture
State Highlights
MarketingCharts offers up more data in its coverage.
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