Online Labor Demand Decreased 31,500 in March

NEW YORK, March 30, 2016 /PRNewswire/ -- Online advertised vacancies decreased 31,500 to 5,130,500 in March, according to The Conference Board Help Wanted OnLine® (HWOL) Data Series, released today. The February Supply/Demand rate stands at 1.51 unemployed for each advertised vacancy with a total of 2.7 million more unemployed workers than the number of advertised vacancies. The number of unemployed was around 7.8 million in February.

"The last three quarters of revised data for 2015 were essentially flat, with the first quarter of 2016 showing a loss of 137,000," said Gad Levanon, Chief Economist, North America, at The Conference Board. "For about the past year, employer demand has been in a hold pattern, but the most recent quarter's data indicates some additional weakness in demand."

In March, the Professional category saw widespread small losses with the largest loss in Healthcare Practitioners (-39.2). The Services/Production category generally saw small gains with the exception of losses in Transportation (-19.0) and Healthcare Support (-3.8).

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

Related Links

http://www.conference-board.org