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Politics : Stockman Scott's Political Debate Porch -- Ignore unavailable to you. Want to Upgrade?

To: Jim Willie CB who wrote (5601)	9/2/2002 1:19:41 PM
From: pogbull	Read Replies (1) \| Respond to 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.