Online Job Demand Up 255,000 in December, The Conference Board Reports
Job demand averages +58,000/month in 2nd half of 2009 compared to -91,000/month in 1st half
NEW YORK, Jan. 6 /PRNewswire/ -- Online advertised vacancies rose by 255,000 to 3,642,000 in December, according to The Conference Board Help Wanted OnLine Data Series (HWOL)(TM) released today. Nationally, growth in job demand has been mildly positive since the low point in April 2009, with an average monthly increase of less than 60,000. The 2009 annual average stands at 3,357,000, a figure that is 1.1 million below the 4,481,000 annual average for 2008 and 1.3 million below the average for 2007.
"Employers' modest increase in demand for labor in the second half of 2009 is a nice way to end what has been a very challenging year," said Gad Levanon, Senior Economist at The Conference Board. "The gap between the number of unemployed and the number of advertised vacancies is still very high, but the recent six months indicate that things are slowly moving in the right direction. The gap between the number of unemployed and the number of advertised vacancies is about 12 million, with 4.5 unemployed for every online advertised vacancy."
End quote. The report is consistent with Massound's reference on CNBC (?) and the last CC, to "incremental M-O-M growth" at Staffmark, beginning last June. With Staffmark in the black in Q3, this certainly bodes well for Q4.