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May 26, 2006
Fewer Job Ads Placed in Newspapers, Online

The volume of help-wanted advertising in the nation's major newspapers and on the Internet dipped in April, according to a report by the Conference Board.

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The board's Help-Wanted Advertising Index, which covers 51 newspapers, decreased two points in April. The index now stands at 35, down from 39 one year ago.

The board also reported that new online job ads dipped by 6 percent in April after a steep rise in March. In April, there were 1.51 online job ads per 100 persons in the U.S. labor force, compared with 1.60 in March and 1.33 in February, according to the rpeort.

"The latest data shows that job advertising softened in April, both in print and online," says Ken Goldstein, labor economist at the Conference Board. "Total employment in April was only 1.7 percent higher than one year ago. At the start of this year, it was about 2 percent higher than a year ago. Other forward indicators of economic activity suggest that job growth this summer may be closer to the current pace than to the pace at the start of the year."

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