Report: Online Advertised Job Vacancies Dip in June

Total online job ads were 4.3 million in June, a slight drop of 94,000 or 2 percent from May, according to The Conference Board Help-Wanted OnLine Data Series.

Online advertised vacancies continue to be up substantially (24%) over the year (June'06-June'07). There were 2.8 advertised vacancies online for every 100 persons in the labor force in June.

"Online job demand has been virtually unchanged over the last few months but continues to show a better than 20 percent gain over last year,"says Gad Levanon, economist at The Conference Board. "Tight labor markets in many areas of the country and in specific occupations and industries like IT and healthcare are forcing companies to advertise more aggressively than last year in order to find the employees they need. We do not expect economic growth to accelerate until the end of the year, but finding theright employee is already a challenge in many areas of the country."

The 4.3 million unduplicated online advertised vacancies in June include 2.7 million new ads that did not appear in May, as well as reposted ads from the previous months. During June, both total and new ads declined by 2 percent from the previous month. Over the year (June'06-June'07) total ads and new ads rose 24 percent and 19 percent, respectively.

The June figures reported in the Help-Wanted OnLine Data Series reflect the sum of the number of unduplicated online job ads for each dayfrom mid-May to mid-June. This new series, which includes data from April 2005, does not have sufficient history to allow for seasonally adjusted monthly data.

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