Industry News

Job market prospects brighten

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A key indicator that measures job offerings in major U.S. newspapers rose four points in December and could signal a stronger labor market in the coming months, The Conference Board reported Thursday. The Help-Wanted Advertising Index now stands at 33, up from a downwardly revised 29 in November, although it's still below the 38 reading recorded a year ago. In the last three months, however, help-wanted advertising rose in seven of the nine U.S. regions, with the largest increases occurring in the East North Central (35.9 percent), West South Central (23 percent), New England (16.1 percent) and Middle Atlantic (10.5 percent) regions. "Job advertising in print was up in December, reversing some of the decline earlier in the year. Change in online ad volume (on a year-over-year basis) was a little stronger in December than a month or two earlier," said Ken Goldstein, labor economist at The Conference Board. "Also, the leading economic index rose in December, suggesting there could be...