Industry News

Online job ads slip nationwide

Employment growth 'significantly below expectations' in July

Learn the New Luxury Playbook at Luxury Connect | October 18-19 at the Beverly Hills Hotel

New, unduplicated online job ads across the United States decreased in July to 2.3 million, according to The Conference Board Help-Wanted OnLine Data Series. Last month's supply of online job ads was down by 101,900, or 4 percent, from the previous month. In June, there were approximately 2.44 million job ads posted to more than 1,200 Internet job boards nationwide. In July, there were 1.55 online job ads per 100 persons in the U.S. labor force, compared with 1.63 in June 2006, 1.57 in May and 1.51 in April. Between July 2005 and July 2006, new online job ads increased 19.2 percent. "While some of the decline in the number of first-time new ads in July is due to the slowdown during the July 4th holiday, the growth in the number of new ads has slowed over the last several months," said Gad Levanon, economist at The Conference Board. "This only adds to the mounting evidence that the U.S. labor market is slowing. Job openings and hires in the U.S. economy hit a plateau in recent months...