Industry News

Survey: Businesses still wary of economy

Less hiring may occur in fourth quarter, Conference Board reports

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The Conference Board on Thursday reported more slowing in help-wanted advertising during June as businesses remained cautious about the state of the economy. The organization's Help-Wanted Advertising index -- a key measure of job offerings in major U.S. newspapers -- fell one point in June to 26, and is well below the 32 reading a year ago. Since April, help-wanted advertising has dropped in all nine U.S. regions, with the largest declines occurring in the Pacific (-24.6 percent), East South Central (-16.4 percent) and Mountain (-15.4 percent) regions. "Business caution about the near-term prospects for the economy, and perhaps for their own businesses, may lead to a little less hiring this autumn," Ken Goldstein, labor economist at The Conference Board, said in a statement. "Already, there are signs that job advertising volume is edging a little lower -- with very slight decreases in each of the past two months." Goldstein added that online job ads also "showed a little...