"Want-ad volume fell seven points in May, and dipped again in June, giving up all of the gains since last September. Initial unemployment claims have stopped falling. Job growth is likely to remain subdued through the fall, with the unemployment rate staying at 4 percent, or even moving a point or two higher. This would give employers a little breathing room in a labor market marked by unprecedented tightness," Goldstein explains.
The Conference Board surveys help-wanted advertising volume in 51 major newspapers across the country every month. Because ad volume has proven to be sensitive to labor market conditions, this measure provides a gauge of change in the local, regional and national supply of jobs.