Industry News

Job market slow but not losing steam

Help-wanted ad index picks up in September

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A key economic indicator measuring the volume of job advertisements in major U.S. newspapers gained one point in September, The Conference Board reported today, but did little to suggest that a significant upturn is on the horizon. The organization's Help-Wanted Advertising Index rose from 23 in August to 24 last month, but was still down from its reading of 29 a year ago. "The latest numbers on the job market suggest it was slower this summer than earlier this year, but not losing more steam heading into the fall and winter months," Ken Goldstein, labor economist at The Conference Board, said in a statement. "There are pockets of weakness around the country. Some areas have cooled off, but there is no sign that regional labor market problems are in the early stages of coalescing into a national downtrend. Simply put, the labor market is slow, but not slowing." In the last three months, help-wanted advertising slowed in eight of the nine U.S. regions, with the greatest declines occurri...