NEW YORK – About 3,280,000 online job postings appeared on leading Internet job boards in October, an 83,200 decrease from September's 3,363,200, The Conference Board reported today.
“The September and October numbers are a further indication that, thus far, the recovery is weak,” said Gad Levanon, senior economist at The Conference Board. “Labor demand is a leading indicator of employment, and the numbers indicate that employment is not likely to rise for the rest of this year.”
While there are fewer layoffs and some states, like Maryland and New York, have a modestly upward trend, overall the labor market remains quite anemic. “The gap between the number of unemployed and the number of advertised vacancies is about 11.8 million, with 4.5 unemployed for every online advertised vacancy,” he said.
