Online Labor Demand Declined in March
Thursday, April 4th, 2019
The Conference Board experimental Help Wanted OnLine (HWOL) Index declined in March. The Index now stands at 102.3 (July 2018=100), down from 104.0 in February.
"The HWOL index declined in March but remains at a level consistent with solid hiring activity," said Gad Levanon, Chief Economist, North America, at The Conference Board. "Despite the one-month decline, it is too early to conclude that hiring activity is slowing. We still expect economic growth to remain above the two percent rate throughout 2019. While job growth is likely to slow, we expect it will remain strong enough to tighten the labor market and draw more people into the labor force."