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Economy in Brief
U.S. International Trade Collapses in April; Deficit Widens
Trade deficit widens to $69.7 billion...
U.S. Chicago Business Barometer Weakens Further During May
Chicago PMI fell to lowest level since March 1982...
Euro Area EU Indexes Have Minor Bounce
A slug of economic data hit the tape at the end of month...
Durable Goods Orders Collapsed Further in April
Durable goods orders collapsed 17.2% m/m in April...
U.S. Pending Home Sales Plunge to Record Low
Pending home sales fell 21.8% in April...
by Tom Moeller December 29, 2005
The Conference Board's November Index of Help-Wanted Advertising rose to 39 from an unrevised level of 38 in October. A pattern of improvement in the labor market has emerged this year as the index's level has averaged 39 versus 38 for all of 2004.
During the last ten years there has been a 62% correlation between the level of help-wanted advertising and the three month change in non-farm payrolls.
The proportion of labor markets with rising want-ad volume ran counter to that improvement and fell in November to 47% from 65% in October which was near the year's high.
The Conference Board surveys help-wanted advertising volume in 51 major newspapers across the country every month.
The latest help wanted report from the Conference Board is available here.
| Conference Board | Nov | Oct | Nov '04 |
|---|---|---|---|
| National Help Wanted Index | 39 | 38 | 36 |
