Industry News

Job growth ‘considerably slower’ in November

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A key indicator that measures job offerings in major U.S. newspaper held steady for the second straight month in November, suggesting no big changes ahead for the labor market, The Conference Board reported Friday. The Help-Wanted Advertising Index remained at 30 in November, unchanged from October, but was still much lower than the 38 reading recorded a year earlier. "The labor market has little momentum going into the new year," said Ken Goldstein, labor economist at The Conference Board. "The latest data shows that job advertising in print was unchanged in November. The rise in ad volume online also remains slow but relatively unchanged over the recent period. Job growth is considerably slower going into 2007 -- now less than 125,000 new jobs a month. These forward indicators of labor activity suggest it might not get any stronger over the next few months." In the last three months, help-wanted advertising declined in five of the nine U.S. regions, with the steepest declines oc...