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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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From: Paul Kern9/28/2006 10:04:04 AM
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DJ US Conference Board Aug Help-Wanted Index Down At 31



NEW YORK (Dow Jones)--The help-wanted advertising index - a measure of job offerings - slipped to a reading of 31 in August from a down-revised reading of 32 the Conference Board said.

In a news release, the Conference Board said that in the last three months, help-wanted advertising declined in eight of the nine U.S. regions, with the steepest decline of 17.5% in the West North Central region.

"The latest data show that job advertising in print edgeed lower again in August, while the rise in ad volume online continued to slow," said Ken Goldstein, an economist at the Conference Board. "A stronger job market this winter does not seem likely, given the overall economic environment. It's not just cooler consumer attitudes and spending - despite some relief from high gas prices. Business is bracing for the prospect of less profit growth - because volumes are down and rising costs could start to squeeze margins. That makes business attitudes no more bullish than consumer attitudes."

The Conference Board survey tracks help-wanted advertising volume in 51 major U.S. newspapers monthly. The volume of newspaper want ads is one indication of demand for labor, although many employers also now advertise for help through on-line services.


-By John McAuley, Dow Jones Newswires, 201-938-4425; john.mcauley@dowjones.com


(END) Dow Jones Newswires

09-28-06 1002ET
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