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The Conference Board's
Help-Wanted Advertising Index – a key barometer of America's job
market – dipped one point in August to 37. The Index was 41 a
year ago.
In the last three months, help-wanted advertising rose in
seven of the nine U.S. regions. Largest increases occurred in
the Mountain (19.3%), East South Central (8.0%), and Pacific
(6.0%) regions. Declines occurred in the Middle Atlantic
(-10.5%) and South Atlantic (-5.7%) regions.
Says Conference Board Economist Ken Goldstein: “With the
economy on the upturn, a labor market turnaround may finally
develop. After shedding nearly 3 million workers, layoffs have
stabilized and could start slowing down. But while total job
advertising volume is stabilizing, it is at very low levels.”
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:
| |
Aug 03 |
July 03 |
June 03 |
Aug 02 |
| National Index |
37 |
38 |
38 |
41 |
Proportion of Labor Markets
With Rising Want-Ad Volume |
45% |
35% |
75% |
27% |
| Unemployment Rate |
6.1% |
6.2% |
6.4% |
5.8% |
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