NEW YORK – About 4,409,800 online job postings appeared on leading Internet job boards in October, up 113,700 from September, The Conference Board reported today.
“In this slow economic recovery, the October rise is welcome news that the trend in labor demand continues to move in a positive direction, albeit at a very moderate pace,” said June Shelp, vice president at The Conference Board. “The October increase reflected a moderate rise in a range of occupations and geographically across the nation. The slow but steady upward trend of the last seven months points to modest growth in employment through the end of 2010."
The gap between the number of unemployed and advertised vacancies (supply/demand rate) was 3.44 unemployed for every advertised vacancy in August (the last available unemployment data), down from a peak of 4.73 in October 2009.
