Online Labor Demand Decreased 226,700 in June

- The June loss follows a larger drop in May of 285,800

- The May and June losses have been widespread across online job boards

- Both the Professional and the Services/Production occupations have been hard hit

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Jul 06, 2016, 10:00 ET

NEW YORK, July 6, 2016 /PRNewswire/ -- Online advertised vacancies decreased 226,700 to 4,657,500 in June, according to The Conference Board Help Wanted OnLine® (HWOL) Data Series, released today. The May Supply/Demand rate stands at 1.52 unemployed for each advertised vacancy with a total of 2.6 million more unemployed workers than the number of advertised vacancies. The number of unemployed was around 7.4 million in May.

"The losses in the first quarter of 2016 have been followed with even larger losses in the second quarter," said Gad Levanon, Chief Economist, North America, at The Conference Board. "The 2016 slowdown in demand has been widespread, affecting virtually all States and MSAs."

In June, the Professional category saw losses in all major occupational categories with the largest losses in Management (-24.1), Business/Finance (-21.3), and Computer/Math (-34.8). The Services/Production category saw large losses in Sales (-26.3), Office/Admin (-33.1), and Installation/Repair (-13.4); other categories showed only small gains and losses.

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.

SOURCE The Conference Board