Industry News

Help-Wanted advertising drops

Bright spot seen in Mountain states

Don't miss the real estate event of the summer
Join 4,000 real estate pros at Connect SF, Aug 7‑11, 2017

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...