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Help Wanted OnLine Labor Demand decreased 285,800 to 4,884,200 in May
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Online advertised vacancies decreased 285,800 to 4,884,200 in May, according to The Conference Board Help Wanted OnLine® (HWOL) Data Series,released today. The April Supply/Demand rate stands at 1.53 unemployed for each advertised vacancy with a total of 2.7 million more unemployed workers than the number of advertised vacancies. The number of unemployed was around 7.9 million in April.
“The large May loss continues a pattern of weak employer demand in 2016,” said Gad Levanon, Chief Economist, North America, at The Conference Board. “Following relatively slow growth in 2014 and 2015, we are now seeing some clear signs of softness in labor demand in recent months.”
In May, the Professional category saw large losses in Business/Finance (−16.3), Computer (−21.5) and Architecture/ Engineering (−11.1). The Services/Production category saw the bulk of the May losses with large drops in Food (−23.6), Sales (−31.5), Office/Admin (−38.4) Installation/Repair (−22.3) and Transportation (−60.6).
Posted: June 1, 2016 Wednesday 10:00 AM