NEW YORK – About 4,371,500 online job postings appeared on leading Internet job boards in June, a decrease of 99,700 from May, The Conference Board reported Wednesday.
“The national trend in labor demand, while still positive, has definitely slowed in the last few months as gains in one month are partially offset by a pullback in advertised vacancies in the next,” said June Shelp, vice president at The Conference Board. “The pattern over the last few months is beginning to look like the very slow growth in labor demand in 2010. After the large increase of 526,000 in January, average monthly job growth over the next five months has been choppy and has averaged about 33,000/month. The current number of advertised vacancies is close to the monthly 4.5 million posted just prior to the recession. However, in May there were just over 3 unemployed workers seeking jobs for each vacancy—double the number of 1.5 unemployed for every advertised vacancy just prior to the recession."
The Supply/Demand rate for the U.S. in May (the latest month for which unemployment numbers are available) stood at 3.11, indicating that there are just over three unemployed workers for every online advertised vacancy. Nationally, there are 9.4 million more unemployed workers than advertised vacancies.
