Online Labor Demand Decreased 115,300 in November

- The November loss followed an October gain of 116,100

- Most States showed losses with only a few showing small gains

- The Professional occupations were all down while the Services/Production occupations were mixed

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Nov 30, 2016, 10:00 ET

NEW YORK, Nov. 30, 2016 /PRNewswire/ -- Online advertised vacancies decreased 115,300 to 4,723,000 in November, according to The Conference Board Help Wanted OnLine® (HWOL) Data Series, released today. The October Supply/Demand rate stands at 1.61 unemployed for each advertised vacancy with a total of 2.9 million more unemployed workers than the number of advertised vacancies. The number of unemployed was approximately 7.8 million in October.

"With a pattern of monthly gains followed by losses, online demand has shown little movement in the second half of 2016," said Gad Levanon, Chief Economist, North America, at The Conference Board. "The current data clearly indicate that 2016 will end with a large loss for the year."

The Professional occupational category saw large losses in Management (-16.6), Business/Finance (-15.1), Computer/Math (-27.7) and Health (-21.2). The Services/Production category saw small gains in several occupational groups but large losses in Sales (-24.3) and Office/Admin (-21.5).

For more information, including press release and technical notes: http://www.conference-board.org/data/helpwantedonline.cfm

About The Conference Board

The Conference Board is a global, independent business membership and research association working in the public interest. Our mission is unique: To provide the world's leading organizations with the practical knowledge they need to improve their performance and better serve society. The Conference Board is a non-advocacy, not-for-profit entity holding 501 (c) (3) tax-exempt status in the United States. www.conference-board.org

SOURCE The Conference Board