Industry News

‘Soft’ job market to kick off 2006

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The Conference Board Help-Wanted Advertising Index, a key measure of job offerings in major newspapers across America, gained one point in November to 39, up from 38 in October. In the last three months, help-wanted advertising increased in six of the nine U.S. regions. Largest increases occurred in the Mountain (7.3 percent), East South Central (5.8 percent) and Middle Atlantic (5.3 percent) regions. Declines occurred in the Pacific (-4.7 percent), West South Central (-4.4 percent) and South Atlantic (-3.3 percent) regions. "The labor market indicators reflect a loss of economic momentum, even eliminating the impact of the storms and flooding. Job advertising volume in newspapers was only slightly higher in November than in August," said Ken Goldstein, labor economist at The Conference Board. "Online job ads have actually slowed in recent months. Consumer sentiment showed some recovery in November, but much less improvement in the outlook for the next six months. All of these dat...