<US Economy> From the Conference Board- Help Wanted Index
Lee:
You are correct, a lot of the internet companies have very thin float and not too many shares outstanding that could explain the valuation of some these companies but as you know DELL/AOL and similar companies do not have this 'advantage' they have to earn it.
Check out this HWI,not too bad a bit of a slow down but nothing we can't live with,but still better than last year's number,ie 88 vs 87.
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Thursday January 28, 10:17 am Eastern Time
US help-wanted ad index 88 in December-Conf Board
NEW YORK, Jan 28 (Reuters) - Help wanted advertising in the U.S. fell two points in December to 88 from a revised November reading of 90, according to the Conference Board's help-wanted advertising index.
The report said job growth in the Northeast slowed by year-end after a boost from the strong financial markets last summer, while manufacturing and exporting out West were slowed by the Asian and Latin American economic crises.
''There was some modest recovery by the end of the year, but with Brazil the latest victim of the swirling global financial turmoil, the Pacific and Mountain regions could cool again,'' said Conference Board economist Ken Goldstein.
Help-wanted advertising rose in five out of nine regions, with the Mountain and Pacific regions showing the largest increases at 11.5 percent and 5.5 percent, respectively.
Increases were also noted in the East North Central (3.5 percent) and West North Central (2.3 percent) regions.
Steep declines in advertising were seen in the Middle Atlantic (-8.6 percent), South Atlantic (-4.3 percent) and New England (-2.7 percent) regions.
The help-wanted index surveys advertising volume in 51 major newspapers across the country each month in order to gauge the national supply of U.S. jobs.
The index read 87 one year ago, according to the report.
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