Industry News

‘Modest’ job growth on the horizon

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The Conference Board today reported that job growth could be relatively weak this summer based on recent nationwide declines in help-wanted advertising. The Help-Wanted Advertising Index, a key measure of job offerings in major U.S. newspapers, fell one point in March to 30, down from 31 in February and well below the 37 reading a year ago. In the last three months, help-wanted advertising declined in eight of the nine U.S. regions, according to The Conference Board, with the steepest declines occurring in the East South Central (-22.6 percent), South Atlantic (-17.5 percent) and East North Central (-17 percent) regions. The New England region, however, rose 3.2 percent. "The forward indicators of labor market activity have been mixed in recent months. The economy has lost a little momentum and growth prospects remain somewhat questionable," Ken Goldstein, labor economist at The Conference Board, said in a statement. "But business confidence regained a little strength in t...