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July 31, 2003
Volume of Help-Wanted Advertising Picks up in June
The volume of help-wanted advertising edged up in June, according to the the Conference Board's Help-Wanted Advertising Index. The index increased three points in June and now stands at 38. It was 47 one year ago.

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"There are signs that overall economic growth will pick up in the third quarter," says Ken Goldstein, an economist with the Conference Board. "However, because want-ad volume was lower in June than in January, hiring is not likely to pick up through the summer months. The Consumer Confidence Index fell in July, reflecting discouragement that despite a year and a half after the recession ended, consumers may face another six months before the labor market turns around."

In the last three months, help-wanted advertising declined in six of the nine U.S. regions. Steepest declines occurred in the New England (-12.1 percent), East South Central (-11.6 percent) and Middle Atlantic (-9.7 percent) regions. Increases occurred in the Mountain (10.3 percent), West North Central (4.2 percent) and Pacific (3.8 percent) regions.

The Conference Board surveys help-wanted advertising volume in 51 major newspapers across the country every month.

Latest seasonally adjusted results:

June 03
May 03
April 03
June 02
National Index
38
35
36
47
Proportion of Labor Markets With rising Want-ad Volume
73%
37%
22%
75%
Jobless Rate
6.4%
6.1%
6.0%
5.8%

 

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