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Online Labor Demand Down 56,800 in January

Conference Board News Release (02/05/14)

The Conference Board’s Help Wanted OnLine Data Series shows a decrease in online advertised vacancies to 5.2 million in January from 5.3 million in December, as employers remain hesitant to expand their workforces. In December, the supply and demand rate was 2.00 unemployed per vacancy, with the number of unemployed workers exceeding the number of advertised vacancies by 5.1 million.

Online labor demand in January fell in 20 states, and supply and demand rates, based on December data, ranged from 0.48 in North Dakota, 0.80 in South Dakota, 0.83 in Nebraska, and 0.99 in Utah to 3.0 in Kentucky, 3.05 in Arkansas, and 3.32 in Mississippi. Advertised vacancies also fell in 27 of 52 metro areas. Declines were reported in 11 of the 22 occupations as well, including computer and math, sales and related, and business and financial, but health care support and food preparation and service reported gains.