Industry News

Jobs, economy face more slowing in fourth quarter

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The Conference Board on Thursday reported that its index measuring job offerings in major U.S. newspapers fell one point in July, marking the third straight month of declines. The organization's Help-Wanted Advertising Index now stands at 25, down from 26 in June and 31 a year ago. In the last three months, help-wanted advertising cooled in all nine U.S. regions, with the largest declines occurring in the West North Central (-17.4 percent), Mountain (-16.6 percent) and Pacific (-16.3 percent) regions. "Despite housing problems, higher gas prices, higher grocery prices, even higher property taxes for some households, the consumer sector has been holding up all year because the labor market has held up," Ken Goldstein, labor economist at The Conference Board, said in a statement. "Job, but not wage, growth has slowed a little since the spring and it could slow a little more. That is the indication in the latest count in the number of print help-wanted ads." In July, there...