Conference Board News Release (09/02/15)
Online advertised vacancies rose 34,200 to 5.4 million in August, according to the Conference Board Help Wanted OnLine Data Series. The July supply and demand rate stands at 1.54 unemployed for each advertised vacancy, with a total of 2.9 million more unemployed workers than the number of advertised vacancies. The number of unemployed was 8.3 million in July.
“Labor demand remained little changed in August, maintaining a basic flat trend over the past six months,” says Gad Levanon, managing director of macroeconomic and labor market research at the Conference Board. “The recent flat trend is not particularly troublesome given the continuing high monthly levels of employer demand in the labor market.”