NEW YORK – About 4,245,600 online job postings appeared on leading Internet job boards in February, down 27,400 from January, The Conference Board reported Monday.
Labor demand grew 1.41 million since the series’ low point in April 2009, and offsets approximately 80% of the 1.76 million drop in ad volume during the 2-year downturn period from April 2007 through April 2009.
“Total labor demand (new ads and ads that are reposted from the previous month) paused in February, but the number of new, first-time advertised vacancies continued to rise and is an indication that employers are continuing to look for workers,” said June Shelp, vice president at The Conference Board. “Nationally, new ads were up 86,100 in February, and that is a positive sign in contrast to the last few years when advertised vacancies either dropped or remained unchanged from January to February.” Nationally, there were 9.6 million more unemployed than advertised vacancies in January."
The Supply/Demand rate for the U.S. in January (the latest month for which unemployment numbers are available) stands at 3.24, indicating that there are over 3 unemployed workers for every online advertised vacancy.
