Conference Board News Release (11/04/15)
Online advertised vacancies increased 172,300 to 5.5 million in October, according to the Conference Board Help Wanted OnLine Data Series. The September supply and demand rate stands at 1.5 unemployed for each advertised vacancy, with a total of 2.6 million more unemployed workers than the number of advertised vacancies. The number of unemployed was around 8.0 million in September.
“Labor demand for 2015 continues to follow the 2014 pattern of high monthly demand levels with modest net growth,” says Gad Levanon, managing director of macroeconomic and labor market research at the Conference Board. “The strong monthly demand level continues to help reduce the number of unemployed and maintain a positive outlook for the U.S. labor market.”