NEW YORK – About 4,296,100 online job postings appeared on leading Internet job boards in September, up 57,900 from August, The Conference Board reported today.
“Since the NBER June 2009 end of the recession, HWOL has increased by 1 million advertised vacancies,” said June Shelp, vice president at The Conference Board. “The HWOL series trough in April 2009 lead the NBER official trough by about 2 months, reflecting a rather typical pattern where labor demand leads at economic turning points. Following the rapid HWOL rises in labor demand in the 4th quarter 2009 and 1st quarter 2010, labor demand has now settled into more modest growth, pointing to a moderate growth in employment through the end of 2010."
The gap between the number of unemployed and advertised vacancies (supply/demand rate) was 3.51 unemployed for every advertised vacancy in August (the last available unemployment data), down from a peak of 4.73 in October 2009.
