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The Conference Board's
Help-Wanted Advertising Index – a key barometer of America's job
market – declined three points in April. The Index now stands at
35, down from 38 in March. It was 47 one year ago.
In the last three months, help-wanted advertising declined in
all nine regions of the U.S. Steepest declines occurred in the
East South Central (-32.0), Middle Atlantic (-18.4), Pacific
(-16.4%) and New England (-15.7%) regions.
Ken Goldstein
Conference Board Economist
“April may represent a low point for the ailing labor market.
After initial unemployment claims revealed a big rise in
layoffs, want-ad volume significantly declined from already very
depressed levels. Clearly, businesses have been busy laying off
workers and scaling back already greatly reduced plans to hire.
If the overall economy remains weak heading into the third
quarter, a return to job growth earlier than the fourth quarter
doesn’t seem likely.”
The Conference Board surveys help-wanted advertising volume
in 51 major newspapers across the country every month. Because
ad volume has proven to be sensitive to labor market conditions,
this measure provides an important gauge of change in the local,
regional and national supply of jobs.
Latest seasonally-adjusted results follow:
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April 03 |
March 03 |
Feb. 03 |
March 02 |
| National Index |
35 |
38 |
40 |
47 |
| Proportion of Labor
Markets With Rising Want-Ad Volume |
20% |
43% |
41% |
37% |
| Unemployment Rate |
6.0% |
5.8% |
5.8% |
5.9% |
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