Online Labor Demand Decreased 162,100 in February

- February 2016 shows large drop following a flat January

- Large losses in the Midwest and South regions

- Note: The HWOL annual revision has been postponed

02 Mar, 2016, 10:00 ET from The Conference Board

NEW YORK, March 2, 2016 /PRNewswire/ -- Online advertised vacancies decreased 162,100 to 5,334,300 in February, according to The Conference Board Help Wanted OnLine® (HWOL) Data Series, released today. The January Supply/Demand rate stands at 1.42 unemployed for each advertised vacancy with a total of 2.3 million more unemployed workers than the number of advertised vacancies. The number of unemployed was around 7.8 million in January.

"While 2015 showed slow positive growth averaging about 25,000 ads per month, the first two months of 2016 have shown weakness in labor demand," said Gad Levanon, Managing Director of Macroeconomic and Labor Market Research at The Conference Board. "The overall level of demand still remains high, but the very weak start of 2016 suggests a possible temporary weakening in employer demand for labor." 

In February, the Professional category saw a large gain in Management (11.2) but losses in Healthcare (-10.8) and Computer/Math (-12.5). The Services/Production category saw the largest February losses including: Office/Administration (-48.7), Transportation (-29.5), Installation/Maintenance (-12.4), Construction (-12.2), and Food (-12.0).

For more information, including press release and technical notes: http://www.conference-board.org/data/helpwantedonline.cfm

About The Conference Board
The Conference Board is a global, independent business membership and research association working in the public interest. Our mission is unique: To provide the world's leading organizations with the practical knowledge they need to improve their performance and better serve society. The Conference Board is a non-advocacy, not-for-profit entity holding 501 (c) (3) tax-exempt status in the United States. www.conference-board.org

SOURCE The Conference Board



RELATED LINKS

http://www.conference-board.org