Online Labor Demand Increased 116,100 in October

- The October gain offset the September loss of 93,800

- Gains were widespread across most States and MSAs

- Most major occupational groups showed solid gains

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Nov 07, 2016, 02:00 ET

NEW YORK, Nov. 7, 2016 /PRNewswire/ -- Online advertised vacancies increased 116,100 to 4,838,400 in October, according to The Conference Board Help Wanted OnLine® (HWOL) Data Series, released today. The September Supply/Demand rate stands at 1.68 unemployed for each advertised vacancy with a total of 3.2 million more unemployed workers than the number of advertised vacancies. The number of unemployed was approximately 7.9 million in September.

"The second half of 2016 appears to have stabilized and is showing small gains in the number of online job ads following the steep losses in the first half of the year," said Gad Levanon, Chief Economist, North America, at The Conference Board.

The Professional occupation category saw solid gains in Management (8.8), Business/Finance (8.8), Computer/Math (11.4) and Health (12.3). The Services/Production category also saw strong gains in Sales (20.8), Installation/Maintenance (12.2) and Transportation (28.0).

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