Online Labor Demand dips 44,400 in February
- February labor demand little changed following two months of strong gains
- While professionals see little problem, challenges persist for Service/Production occupations with 4 unemployed for every advertised vacancy
NEW YORK, March 6, 2013 /PRNewswire/ -- Online advertised vacancies dipped 44,400 in February to 5,056,700 in The Conference Board Help Wanted OnLine® (HWOL) Data Series released today. The decline follows strong gains in December (215,000) and January (126,000). The Supply/Demand rate stands at 2.4 unemployed for every vacancy. In January, there were 7.2 million more unemployed than the number of advertised vacancies, down from 11.9 million at the end of the recession in June 2009.
"It's a positive sign that employers are advertising to fill vacancies and workers are looking to find better jobs," said June Shelp, Vice President at The Conference Board. "Indeed, with over five million online advertised vacancies, there is quite a bit of churn in the labor market as employers and job-seekers show their confidence in economic conditions."
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SOURCE The Conference Board