Industry News

Help-wanted advertising slows

Pacific states report largest decrease

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The Conference Board's Help-Wanted Advertising Index – a key barometer of America's job market – dipped one point in June to 38. The index was 38 one year ago. In the last three months, help-wanted advertising declined in five of the nine U.S. regions. Declines occurred in the Pacific (-8.9 percent), East North Central (-7.6 percent), East South Central (-7.5 percent), West North Central (-2.2 percent) and West South Central (-0.1 percent) regions. Increases occurred in the South Atlantic (5.5 percent), New England (4.1 percent), Mountain (4 percent) and Middle Atlantic (0.7 percent) regions. "Help-wanted advertising volume was on a slow upward trend through February but has now been virtually flat over a four-month period," said Conference Board Economist Ken Goldstein. "Likewise, initial unemployment claims reached a plateau in March and haven't moved very much since then. Labor demand will hold up if the economy does. The Coincident Economic Indicator (a measure of w...