Online Labor Demand Increased 156,800 in July

- The July gain offsets much of the June loss of 226,700

- Large gains for California, Texas, New York, and Florida

- Widespread gains across most occupational categories

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Aug 03, 2016, 10:00 ET

NEW YORK, Aug. 3, 2016 /PRNewswire/ -- Online advertised vacancies increased 156,800 to 4,814,300 in July, according to The Conference Board Help Wanted OnLine® (HWOL) Data Series, released today. The June Supply/Demand rate stands at 1.67 unemployed for each advertised vacancy with a total of 3.1 million more unemployed workers than the number of advertised vacancies. The number of unemployed was approximately 7.9 million in June.

"The first half of 2016 has shown a substantial drop in the level of online advertised vacancies," said Gad Levanon, Chief Economist, North America, at The Conference Board. "July's gain is a positive sign. However, recovery from earlier losses will require continued improvements throughout the rest of 2016."

In July, virtually all major occupational categories saw increases. The Professional category saw strong gains in Healthcare (+37.3), Computer (+15.8), Business/Finance (+7.8), and Management (+6.1). The Services/Production category saw strong gains in Installation/Repair (+15.2), Sales (+13.9), Transportation (+12.9), and Office/Admin (+11.3).

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