Online Job Vacancies Fall for Fourth Month in Row

New York, NY, June 30, 2008--The Conference Board's Help-Wanted OnLine Data Series reported the fourth consecutive month of year-over-year ad declines nationwide, with about 2.5 advertised vacancies posted for every 100 persons in the labor force in June, down from a high of 2.9 in May 2007.

In June there were 3.8 million online advertised job vacancies, about flat from May and down 11.2 percent from a year earlier, according to the report. Health-care was the category with the most job posts.

“The volume of job advertising typically leads the employment numbers, and if there is any good news, it is that job losses are not likely to intensify in the months ahead,” said Gad Levanon, senior economist at the Conference Board, in a statement. “But I do not think we have reached the bottom,” he said.