Online Job Postings Grow Only 3 Percent In February

March 11, 2008

Online posted job vacancies in February grew by only 3 percent from February 2007 levels, according to The Conference Board Help-Wanted OnLine Data Series™ released Monday. The 3,927,500 online advertised vacancies posted in February represent an increase of 17 percent, or 565,000 jobs, compared with January levels, but reflect an expected post-holiday up-tick in employment. The long-term indications are that labor markets will continue to slow going forward.

"The softening in advertised vacancies is widespread," said Gad Levanon, an economist at The Conference Board. "For the past three months, 75 percent of states had an average annual growth rate slower than the previous year. These data, along with the drop in the Consumer Confidence Index from 112 in July 2007 to 75 in February 2008, suggest that the slow pace of labor demand observed during the last half of 2007 may even slow further in the upcoming months."

source: C.A.R.

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