The volume of help-wanted advertising in the nation's newspapers remained steady in September, according
to the Conference Board's Help-Wanted Advertising Index. The index was 37 in
September, holding even with the previous month's level. The index was 43 a
In the last three months, help-wanted advertising declined in eight of the
nine U.S. regions. Steepest declines occurred in the Mountain (-14.6 percent),
West North Central (-12.1 percent), South Atlantic (-9.4 percent) and New England
(-7.9 percent) regions.
"The labor market is no longer declining, with want-ad volume at the same
level since June and initial unemployment claims inching down," says Ken
Goldstein, an economist with the Conference Board. "While employment gains
have been scant, the number of layoffs has slowed. An advancing economy and
a sustained increase in the demand for goods and services will generate more
demand for labor. If the economy stays on its current growth path, a better
job market should start to develop over the next six months."
The news comes as the government announced that the economy grew at a faster
pace in the third quarter than most economists expected. The government's report
said the economy grew by a rate of 7.2 percent.
The Conference Board surveys help-wanted advertising volume in 51 major newspapers
across the country every month.
The latest seasonally adjusted results follow:
|Proportion of Labor Markets
with Rising Want-Ad Volume