Industry News

Job growth ends year sluggish

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The Conference Board Help-Wanted Advertising Index, a key measure of job offerings in major newspapers across America, remained unchanged in December at 39. In the last three months, help-wanted advertising increased in four of the nine U.S. regions. Increases occurred in the East North Central (14.5 percent), West South Central (13.3 percent), West North Central (8.3 percent) and Pacific (0.8 percent) regions. Largest declines occurred in the East South Central (-4.1 percent) and South Atlantic (-3.1 percent) regions. "The latest readings on print want-ad volume suggest that job growth won't reach the 200,000-a-month pace for at least the next few months. The number of new jobs offered online was no stronger than job offers in major newspapers through the end of December," said Ken Goldstein, labor economist at The Conference Board. "Also, initial unemployment claims turned flat through December. And latest JOLTS data (Job Opening and Labor Turnover) exhibit this same flat trend. If...