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Politics : Stockman Scott's Political Debate Porch

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To: Jim Willie CB who wrote (5601)9/2/2002 1:19:41 PM
From: pogbull  Read Replies (1) of 89467
 
Help-Wanted Index

conferenceboard.org

The Latest Press Release

Help-Wanted Index Dips Three Points

29 August 2002


The Conference Board's Help-Wanted Advertising Index - a key barometer of America's job market - declined three points in July. The Index now stands at 44, down from 47 in June. It was 57 one year ago.

In the last three months, help-wanted advertising declined in seven of the nine regions of the U.S., and increased in two areas. Steepest declines occurred in the West South Central (-13.6%), Middle Atlantic (-11.6%), and South Atlantic (-5.7%) regions. Increases occurred in the New England (1.8%) and Pacific (1.0%) regions.

Says Conference Board Economist Ken Goldstein: "Job advertising stopped falling late in 2001. But since November, ad volume has remained essentially unchanged as layoffs moderated. The U.S. labor market is treading water, with the economy clearly growing too slowly to open up many new jobs (only a mere 6000 new jobs in July). With an economic recovery not yet strong enough to produce new jobs, businesses simply aren't increasing their recruitment efforts."

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 a gauge of change in the local, regional and national supply of jobs.

Latest seasonally-adjusted results follow:

July 02
June 02
May 02
July 01

National Index
44
47
44
57

Proportion of Labor Markets
With Rising Want-Ad Volume
20%
78%
27%
47%

Unemployment Rate
5.9%
5.9%
5.8%
4.6%


--------------------------------------------------------------------------------

For further information contact:
Ken Goldstein
Tel: (1) 212 339 0331
E-mail: ken.goldstein@conference-board.org

The next release will be Thursday, September 26, at 10:00 a.m. ET.
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