About 3,800,600 online job postings appeared on leading Internet job boards in June, 5,200 more than the 3,795,400 posted in May, a 0.1% rise, the Conference Board reported yesterday.
In June, there were 2.5 online job ads per 100 persons in the U.S. labor force. Of the 3,800,600 unduplicated ads in June, 2,752,900 were new. On a year-over-year basis, online job ads decreased 11.2%, while new ads rose 0.3.
“Employment declines are likely to continue through the summer,” said board economist Gad Levanon. “Spring is typically a time of seasonal increases in labor demand, but not this year. The number of online job ads held steady in June, but considering the declines in advertised vacancies for all of 2008, there is little evidence of any rise in labor demand. The volume of job advertising typically leads the employment numbers, and if there is any good news, it is that job losses are not likely to intensify in the months ahead. But I do not think we have reached the bottom.”
