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Online Labor Demand Decreased in December

Conference Board News Release (01/06/16)

Online advertised vacancies decreased 276,800 to 5.4 million in December, according to the Conference Board Help Wanted OnLine Data Series. The November supply and demand rate stands at 1.40 unemployed for each advertised vacancy with a total of 2.3 million more unemployed workers than the number of advertised vacancies. The number of unemployed was around 7.9 million in November.

“Labor demand in 2015 continued at the same slow steady pace of 2014, averaging about a 24,000 monthly increase,” says Gad Levanon, managing director of macroeconomic and labor market research at the Conference Board. “While labor demand growth has been somewhat slow over the past two years, the monthly employer demand levels have remained consistently high, providing a strong basis for a healthy labor market.”