Conference Board News Release (05/06/15)
Online advertised vacancies decreased 104,500 to 5.4 million in April, according to the Conference Board Help Wanted OnLine Data Series. The March supply and demand rate stands at 1.57 unemployed for each advertised vacancy, with a total of 3.1 million more unemployed workers than the number of advertised vacancies. The number of unemployed was 8.6 million in March.
A significant drop in the supply and demand rate from 5.0 in April 2009 to 1.57 currently has been helped by very strong employer demand, ranging from four million to five million ads each month over the past four years, making it easier for the recession’s 15 million unemployed to find employment opportunities. With the recession’s unemployment numbers finally down significantly, the continued high employer demand at five million ads per month will make the job search for new entrants into the labor market much easier.