Online Labor Demand Decreased 93,800 in September
Thursday, October 6th, 2016
Online advertised vacancies decreased 93,800 to 4,722,300 in September, according to The Conference Board Help Wanted OnLine Data Series. The August Supply/Demand rate stands at 1.63 unemployed for each advertised vacancy, with a total of 3.0 million more unemployed workers than the number of advertised vacancies. The number of unemployed was approximately 7.8 million in August.
"The third quarter showed a small gain of 64,800, following large losses in the second quarter," said Gad Levanon, Chief Economist, North America, at The Conference Board. "There has been no sign of a bounceback from the sudden steep losses in May and June."
The Professional category saw large losses in Computer/Math (-17.8) and Healthcare (-23.7) with the other areas primarily also showing losses. The Services/Production category saw large losses in Sales (-22.1) and Transportation (-12.0) with a mixture of smaller gains and losses in other areas.