Industry News

Summer could bring 360,000 new jobs

Economy expected to move calmly in coming months

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Little change is forecast for the job market this summer, as approximately 360,000 new jobs will likely open up, roughly the same pace as in the spring, The Conference Board reported today. The organization's Help-Wanted Advertising Index, which measures job offerings in major U.S. newspapers, held steady at 29 in April, and, according to the JOLTS (Job Openings and Labor Turnover) data, there is nothing that would suggest any dramatic changes. "There's been speculation that the economy won't be much stronger this summer than it was in the first quarter," Ken Goldstein, labor economist at The Conference Board, said in a statement. "The leading economic indicators have been relatively soft in recent months." Although help-wanted advertising declined in seven of the nine U.S. regions over the last three months -- East South Central (-36.7 percent), New England (-19.3 percent), East North Central (-8.4 percent) and South Atlantic (-8.4 percent) -- Goldstein said "there is a chance that th...