Conference Board News Release (07/30/14)
Online advertised vacancies showed a small drop of 15,500 to 5.04 million in July, according to the Conference Board Help Wanted OnLine Data Series. The June supply and demand rate stands at 1.9 unemployed workers for each advertised vacancy, with a total of 4.4 million more unemployed workers than the number of advertised vacancies. The number of unemployed was 9.5 million in June.
“Labor demand continues to be at historically high levels, with employer demand running at about five million ads each month,” says Gad Levanon, director of macroeconomics and labor markets at the Conference Board. “While the average monthly increases have become more modest since early 2013, the overall trend has helped lower unemployment levels and reduced the U.S. [supply and demand] rate from a peak of 5.2 in June 2009 to 1.9 in June 2014.”
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