Online Labor Demand up 106,900 in January
Online advertised vacancies rose 106,900 in January to 5,044,700 according to The Conference Board Help Wanted OnLine (HWOL) Data Series released today. The Supply/Demand rate stands at 2.5 unemployed for every vacancy. In December, there were 7.3 million more unemployed than the number of advertised vacancies, down from 11.8 million at the end of the recession in June 2009.
"January was a mixed bag for labor demand," said June Shelp, Vice President at The Conference Board, "with gains in some States offsetting losses in others." About two thirds of the States posted gains while one third of the States were down, and about half of the 22 major occupational groups were up in January. Winning occupations included Food Preparation and Serving along with Transportation and Material Moving while traditional office occupations Business and Finance, Computer and Math, and Office and Administrative Support declined.
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