Industry News

Online job postings sink in April

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Some 2.3 million new online job ads were posted in April, down by 138,400, or 6 percent, from March, according to The Conference Board Help-Wanted OnLine Data Series. Despite the decline, the number of new ads for online jobs in April was the second highest since The Conference Board launched the Help-Wanted OnLine series in April 2005 and well above last year's level. In April, there were 1.51 online job ads per 100 persons in the U.S. labor force, compared with 1.6 in March and 1.33 in February. The Conference Board now has 13 months of data for the Help-Wanted OnLine Data Series. From April 2005 to April 2006, new online job ads increased 26 percent, an increase that is consistent with the rise seen in other labor market indicators during the same period. "This rate of change is in line with growth rates of other vacancy measures during periods of economic expansion," said Gad Levanon, economist at The Conference Board. "It is typical for measures related to job openings to show ...