The Conference Board's Help-Wanted Advertising Index -- a key measure of job ads in major newspapers -- fell a point in November, with declines in all nine regions of the country. Hit hardest was the
Pacific, down almost 13%, followed by the Mountain at a 12.5% decline and West North Central at 12.4%.
"The forward indicators of labor market activity offer little hope that the
labor market will be spared," says Ken Goldstein, labor economist at The Conference Board. "The latest readings on print want-ad volume show some slowing in recent months, after slowly losing steam
through the spring and summer.
Data for online advertising also point to reduced job recruitment efforts. Initial unemployment claims have edged higher." In November, there were
4,072,600 online advertised vacancies, down 2.1% from the previous month, with just 2.65 advertised vacancies online for every 100 persons in the labor force in November.
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