Conference Board News Release (11/05/14)
Online advertised vacancies rose 11,700 to 5.1 million in October, according to the Conference Board Help Wanted OnLine Data Series. The September supply and demand rate stands at 1.83 unemployed for each advertised vacancy, with a total of 4.2 million more unemployed workers than the number of advertised vacancies. The number of unemployed was 9.3 million in September.
“U.S. labor demand continues on a steady, slow growth trend, maintaining historically high demand levels with over five million ads each month,” says Gad Levanon, director of macroeconomics and labor markets at the Conference Board. “The data continue to indicate a strong U.S. labor market.”