Industry News

Help-Wanted advertising drops

Bright spot seen in Mountain states

The Conference Board's Help-Wanted Advertising Index – a key barometer of America's job market – dipped one point in July to 37. The index was 38 one year ago. In the last three months, help-wanted advertising declined in six of the nine U.S. regions. Declines occurred in the West North Central (-7.2 percent), South Atlantic (-6.1 percent), East North Central (-4.9 percent), East South Central (-4.1 percent), Middle Atlantic (-2.1 percent) and Pacific (-2 percent) regions. Increases occurred in the Mountain (6.1 percent), West South Central (1.9 percent) and New England (0.1 percent) regions. "The latest data show essentially no change through July. Want-ad volume has not changed much over the past six months," said Conference Board economist Ken Goldstein. "Initial unemployment claims reached a plateau in March and have stayed fairly close to that level ever since. Overall economic momentum is no longer firing on all cylinders. And hiring intentions this summer are sug...