Online job postings slump, with most states declining
About 4,717,600 online job postings appeared on leading internet job boards in February, a decrease of 185,700 from January, the Conference Board reported Wednesday.
“The January Supply/Demand rate stands at 1.36 unemployed for each advertised vacancy, with a total of 1.8 million more unemployed workers than the number of advertised vacancies,” the Conference Board said in a release. “The number of unemployed was approximately 6.7 million in January.”
“In February, online labor demand grew in seven states, and declined in 43 states,” the release said. “All four regions experienced decreases.”
The Midwest fell 56,700, while the West saw a 43,800 drop, the South declined 28,600 and the Northeast fell by 20,000.
In the U.S. there were 1.25 ads per 100 people, down from 1.34 in January.