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Jobs Online Decrease
April 3rd, 2009

Posted jobs online decreased during March.

The Conference Board Help-Wanted Online Data Series recently released a report noting that online advertised vacancies decreased by 100,000 to 3,248,000 during March. The March loss follows drops of 507,000 in December, 506,000 in January and 6,600 in February.

According to an article by Fox Business, this has resulted in a decline of more than 1,120,000 advertised vacancies, or more than 25 percent, during the last four months.

“The March numbers indicate that we are not at the bottom of the employment cycle but that the declines in labor demand may be slowing,” Gad Levanon, senior economist at The Conference Board, said in the article. “The March decline is significant but substantially less than the 500,000 monthly drops we were seeing in December and January.

“When the federal employment numbers are released this Friday, we still expect a very large drop and last month’s gap of 9 million between labor demand and supply will widen further,” Levanon continued. “The next two months, April and May, are when employers typically ratchet up their spring hiring, and these months will be a good indication of whether labor demand is beginning to turn around.”

During March, there were slightly more than 2 advertised vacancies for every 100 people in the labor force compared to slightly more than 3 vacancies per 100 in March 2008.

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