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Economy in Brief

U.S. Help-Wanted Advertising Back to Record Low in January
by Tom Moeller March 27, 2008

The index of help-wanted advertising reported by the Conference Board dipped last month to a reading of 21 from an upwardly revised 22 in January. The latest level was equal to the record low hit last November.

During the last ten years there has been a 57% 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-ads fell even further to 31% after the January decline to 43% from 59% in December. Each figure still is an improvement from 12% in August which was the lowest monthly reading since October 2001.

Each region of the country showed a m/m decline in its help wanted index except the West South Central region.

The Conference Board also surveys help-wanted print advertising volume in 51 major newspapers across the country every month. The latest help wanted report from the Conference Board is available here.In 2006, the Conference Board introduced its Help Wanted Online Data Series and the latest release can be found in this link.

FedViews is from the Federal Reserve Bank of San Francisco an it can be found here.

Conference Board February January February 2007 2007 2006 2005
National Help Wanted Index 21 22 30 26 33 39
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