Industry News

Labor market to add jobs through spring

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Moderate economic and job growth is forecast for the coming months despite January's two-point decline in the Help-Wanted Advertising Index, The Conference Board reported today. The index, which measures job offerings in major U.S. newspapers, now stands at 32, down from an upwardly revised 34 in December, and is well below the 38 reading recorded a year ago. In the last three months, however, help-wanted advertising rose in eight of the nine U.S. regions, with the largest increases reported in the New England (35.8 percent), East North Central (24.3 percent) and Mountain (21.9 percent) regions. The Pacific region declined 6.9 percent. "The labor market was strong in the final months of 2006. The forward indicators of labor market activity suggest moderate economic growth will continue to deliver new jobs into the late winter and early spring months," said Ken Goldstein, labor economist at The Conference Board. "The latest data shows that job advertising in print was up a little in De...