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Help Wanted OnLine Labor Demand decreased 360,200 to 4,537,600 in February
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Online advertised vacancies decreased 360,200 to 4,537,600 in February, according to The Conference Board Help Wanted OnLine® (HWOL) Data Series,released today. The January Supply/Demand rate stands at 1.56 unemployed for each advertised vacancy, with a total of 2.7 million more unemployed workers than the number of advertised vacancies. The number of unemployed was approximately 7.6 million in January.
The Professional occupational category saw losses in Healthcare Practitioners (-48.6), Computer/Math (-28.3) and Management (-24.7). The Services/Production occupational category saw losses in Office/Admin (-43.8), Transportation (-41.7), and Sales (-22.5).
NOTE: Recently, the HWOL Data Series has experienced a declining trend in the number of online job ads that may not reflect broader trends in the U.S. labor market. Based on changes in how job postings appear online, The Conference Board is reviewing its HWOL methodology to ensure accuracy and alignment with market trends.
Posted: March 8, 2017 Wednesday 10:00 AM