Industry News

Help-wanted ads grow modestly

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The Conference Board's help-wanted advertising index, a key measure of job offerings in major newspapers across America, inched up to 38 in June. It was 37 in May. In the last three months, help-wanted advertising declined in seven of the nine U.S. regions. Steepest declines occurred in the Mountain (-13.1 percent) and East South Central (-7.5 percent) regions. "The labor market indicators turned soft in April and remained soft through June. Print want-ad volume was flat in April, edged lower in May, then recovered some of that lost ground in June," said Ken Goldstein, The Conference Board's Labor Economist. "The data on initial unemployment claims point neither up nor down, even through the early weeks of July. The Bureau of Labor Statistics' data (Job Opening and Labor Turnover Survey) show the same lack of trend: job openings were essentially unchanged through May. These indications all point in the same direction: Hiring intentions have turned more cautious as the economy is p...