Online Help Wanted Ads Decline in November

New York, NY, Dec. 4, 2008--Online advertised vacancies declined 70,200 to 4,369,200 in November, according to The Conference Board Help-Wanted Online Data Series.

The November loss brought the decline this fall to 264,000.

"Online advertised vacancies began slipping in mid-2007, some six months before the official beginning of the recession, and are now at levels that are over half a million below the May 2007 peak," said Gad Levanon, senior economist at The Conference Board.

"Some of the largest current decline is in business, financial and management occupations, but labor demand is down as well in a wide range of other jobs such as sales, food service, transportation and repair. Healthcare workers, however, are still in demand."

The gap between the number of unemployed and online advertised vacancies was just over 5.6 million in October.