Online Job Advertising Fell in September

New York, NY, Oct. 1, 2009--Online advertised vacancies declined by 101,800 to 3,363,000 in September, according to The Conference Board Help-Wanted OnLine Data Series.

September losses partially offset the larger August gains (+169,000), leaving labor demand up by 67,000 over the past two months. Since the low point in April, labor demand is up by 201,000, showing a modest upward trend following a five-month period of steep losses.

"While the trend has been modestly upward and averaged 40,000 per month over the last five months, the labor market continues to have a hard time gaining momentum," said Gad Levanon, senior economist at The Conference Board.