Welcome!

CRM Authors: Xenia von Wedel, Ian Khan, PR.com Newswire, Steve Mordue

News Feed Item

Online Job Demand Up 106,500 in November, The Conference Board Reports

November increase in job demand offsets October's drop of 83,200

NEW YORK, Dec. 2 /PRNewswire/ -- Online advertised vacancies rose by 106,500 to 3,386,000 in November, according to The Conference Board Help-Wanted OnLine Data Series (HWOL)(TM) released today. Online labor demand has been modestly positive since the low point in April 2009, with average monthly increases of about 32,000. In November, there were 2.2 advertised vacancies for every 100 people in the labor force - a slight rise since October (2.1 advertised vacancies per 100).

"Since April, when labor demand bottomed, monthly gains can only be described as sluggish," said Gad Levanon, Senior Economist at The Conference Board. "We have yet to see a significant increase in employers' demand for labor, and, until we see job openings pick up, it will be hard to bring down the unemployment rate. The gap between the number of unemployed and the number of advertised vacancies is about 12.3 million, with 4.8 unemployed for every online advertised vacancy."

Regional and State Highlights

Trend in labor demand is flat in the larger states in the West and Midwest

Along the east coast, several large states show a modest upward trend in labor demand, including NY, NJ, GA, NC, VA, MD

In the South, November online advertised vacancies rose by 6,100, reflecting increases in all of the most populous Southern states except Virginia and Maryland. Florida gained 10,300 and Texas was up 10,000 with both States offsetting their October declines. Georgia and North Carolina gained 4,200 and 1,600, respectively, to continue this year's upward trends. Virginia lost 4,700, and Maryland fell by 2,100. Among the less populous states in the South, in November Kentucky decreased by 600, Louisiana decreased by a modest 100, and advertised vacancies in Oklahoma increased by a modest 100.

The Northeast was the region with the largest increase in November, up 31,700, with advertised vacancies up in all of the larger states. Massachusetts posted the largest increase, up 16,000 to 118,300, in November. New York increased by 10,400 to 232,200. Online job demand in Pennsylvania, which has been relatively flat since April 2009, rose by 4,300 in November. New Jersey rose slightly by 1,000 to 127,200. Among the states with smaller populations, in November Connecticut increased by 1,900, Maine decreased by 1,000, and Rhode Island decreased by 900. New Hampshire decreased by 600, and Vermont decreased modestly (400).

The West, the region with the second largest November gain, was up 30,000. California rose 24,600 in November and offset its September and October declines. Arizona gained 3,200 in November to just about offset its October loss, while Washington gained 2,600 and Colorado dropped 2,600. Among the states with smaller populations, Hawaii fell 2,700.

In the Midwest, Illinois gained 7,500 in November and about offset its September and October losses. Ohio gained 1,100 in November, and Missouri gained a mere 800.

The Supply/Demand rate for the U.S. in October (the latest month for which unemployment numbers are available) was at 4.79, up slightly from 4.50 in September and indicating that there are now 4.79 unemployed workers for every online advertised vacancy. Among the states, the highest Supply/Demand rate continues to be in Michigan (10.48), where there are nearly 11 unemployed people for every advertised vacancy. Other states where there are over 6 unemployed for every advertised vacancy are Kentucky (7.82), Mississippi (7.70), Indiana (6.41), California (6.33), Florida (6.27), Illinois (6.13), and Ohio (6.05). States with some of the lowest rates include Nebraska (1.69), Alaska (1.81), and South Dakota (1.83).

It should be noted that the Supply/Demand rate only provides a measure of relative tightness of the individual state labor markets and does not suggest that the occupations of the unemployed directly align with the occupations of the advertised vacancies.

OCCUPATIONAL HIGHLIGHTS

Labor demand for Computer and Mathematical Science, Sales professions, and Business and Finance occupations rises in November

Jobs for Healthcare Support occupations remained high throughout the recession, but in November the number of unemployed looking for work in this field escalated to 3 unemployed for every advertised vacancy

Among the top 10 occupation groups, Computer and Mathematical Science occupations posted the largest November gain, up 35,400. Job demand was up in a wide variety of computer and math functions including web developers, computer systems analysts, and computer software engineers. Sales professions, which experienced the largest October gain, 46,100, rose an additional 16,000 in November. Job demand was up in a wide variety of sales functions including retail sales workers, sales representatives (wholesale and manufacturing), and financial services sales agents. Business and Finance, which had increased 21,800 in October, increased another 13,200 in November and in large part reflected a continuing increased demand for management analysts.

Healthcare Practitioners and Technical occupations, the largest category in terms of volume, dropped 36,000 in November to 497,400. Labor demand for Healthcare Support occupations declined modestly in November, down 500 to 102,700. However, demand for Healthcare Support workers has remained relatively steady throughout the recession, although the number of unemployed seeking work in this field has risen as the recession deepened. In October, the last month for which unemployment data are available, there were three unemployed for every advertised vacancy in healthcare support. Healthcare is a broad field, and the relative tightness of the labor market varies substantially from the higher-paying practitioner and technical jobs to the lower-paying support occupations. In October, the last month for which unemployment data are available, for every unemployed person looking for work in a practitioner or technical occupation, there were 3.7 advertised vacancies, and the average wage in these occupations is $32.64/hour. In contrast, the average wage for healthcare support occupations is $12.66/hour while the number of unemployed outnumbers advertised vacancies three to one.

Advertised vacancies in Management occupations were up 2,200 in November to 353,700. Individual occupations showing the largest increases included managers in finance and computer and information systems. The number of unemployed exceeds the number of advertised vacancies, and in October there were nearly three unemployed (2.68) for every online advertised vacancy in the management field.

Office and administrative support occupations dropped 4,800 in November to 329,600. Largely responsible was a decreased demand for executive secretaries and administrative assistants and receptionists and information clerks.

Supply/Demand rates indicated that, among the occupations with the largest number of online advertised vacancies, there is a significant difference in the number of unemployed seeking positions in these occupations. Among the top ten occupations advertised online, there were more vacancies than unemployed people seeking positions for Healthcare Practitioners (0.3) and Computer and Mathematical Science (0.4). On the other hand, in Sales and Related Occupations, there were four people seeking jobs in this field for every online advertised vacancy (4.0) and there were nearly six unemployed looking for work in Office and Administrative Support positions for every advertised opening (5.6).

METRO AREA HIGHLIGHTS

Washington, DC, Salt Lake City, and Baltimore have the lowest Supply/Demand rates

Online advertised vacancies in Atlanta and Riverside rose since last year

Online advertised vacancies in Washington, DC are at last year's levels

In November, 49 of the 52 metropolitan areas for which data are reported separately posted over-the-year decreases in the number of online advertised vacancies. The two exceptions are Atlanta, with 66,500 vacancies, which gained 4,500 vacancies, and Riverside, CA, with 24,100, which gained 800. Among the three metro areas with the largest numbers of advertised vacancies, the New York metro area was 4 percent below its November 2008 level and the Los Angeles metro area was about 12 percent below its November 2008 level.

The number of unemployed exceeded the number of advertised vacancies in all of the 52 metro areas for which information is reported separately. Washington, D.C., Salt Lake City, and Baltimore were the locations with the most favorable supply/demand rates, where the number of unemployed looking for work was only slightly larger than the number of advertised vacancies. On the other hand, metro areas in which the respective number of unemployed is substantially above the number of online advertised vacancies include Detroit, MI, where there are nearly 12 unemployed people for every advertised vacancy (11.9), Riverside (10.3), Miami (6.5), Los Angeles (5.5), Sacramento (5.5), Louisville (5.1), and Memphis (5.1). Supply/Demand rate data are for September 2009, the latest month for which unemployment data for local areas are available.

PROGRAM NOTES

The Conference Board Help-Wanted OnLine Data Series(TM) measures the number of new, first-time online jobs and jobs reposted from the previous month on more than 1,200 major Internet job boards and smaller job boards that serve niche markets and smaller geographic areas.

Like The Conference Board's long-running Help-Wanted Advertising Index of print ads (which was published for over 55 years and discontinued in October 2008 but continues to be available for research), the new online series is not a direct measure of job vacancies. The level of ads in both print and online may change for reasons not related to overall job demand.

With the November 1, 2008 release, HWOL began providing seasonally adjusted data for the U.S., the 9 Census regions and 50 States. Seasonally adjusted data for occupations was provided beginning with the July 1, 2009 release. This data series, for which the earliest data is May 2005, continues to publish not seasonally adjusted data for 52 large metropolitan areas, but it is The Conference Board's intent to provide seasonally adjusted data for large metro areas in the future.

People using this data are urged to review the information on the database and methodology available on The Conference Board website and contact the economists listed at the top of this release with questions and comments. Background information and technical notes on this new series are available at: http://www.conference-board.org/economics/helpwantedOnline.cfm.

The underlying data for this series is provided by Wanted Technologies Corporation. Additional information on the Bureau of Labor Statistics data used in this release can be found on the BLS website, www.bls.gov.

The Conference Board

The Conference Board is a global, independent business membership and research association working in the public interest. Our mission is unique: To provide the world's leading organizations with the practical knowledge they need to improve their performance and better serve society. The Conference Board is a non-advocacy, not-for-profit entity holding 501 (c) (3) tax-exempt status in the United States.

WANTED Technologies Corporation.

WANTED is a leading supplier of real-time sales and business intelligence solutions for the media classified and recruitment industries. Using its proprietary On-Demand data mining, lead generation and CRM (Customer Relationship Management) integrated technologies, WANTED aggregates real-time data from thousands of online job boards, real estate and newspaper sites, as well as corporate Web sites on a daily basis.

WANTED's data is used to optimize sales and to implement marketing strategies within the classified ad departments of major media organizations, as well as by staffing firms, advertising agencies and human resources specialists. For more information, please visit: http://www.wantedtech.com.

SOURCE The Conference Board

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

IoT & Smart Cities Stories
Moroccanoil®, the global leader in oil-infused beauty, is thrilled to announce the NEW Moroccanoil Color Depositing Masks, a collection of dual-benefit hair masks that deposit pure pigments while providing the treatment benefits of a deep conditioning mask. The collection consists of seven curated shades for commitment-free, beautifully-colored hair that looks and feels healthy.
The textured-hair category is inarguably the hottest in the haircare space today. This has been driven by the proliferation of founder brands started by curly and coily consumers and savvy consumers who increasingly want products specifically for their texture type. This trend is underscored by the latest insights from NaturallyCurly's 2018 TextureTrends report, released today. According to the 2018 TextureTrends Report, more than 80 percent of women with curly and coily hair say they purcha...
The textured-hair category is inarguably the hottest in the haircare space today. This has been driven by the proliferation of founder brands started by curly and coily consumers and savvy consumers who increasingly want products specifically for their texture type. This trend is underscored by the latest insights from NaturallyCurly's 2018 TextureTrends report, released today. According to the 2018 TextureTrends Report, more than 80 percent of women with curly and coily hair say they purcha...
We all love the many benefits of natural plant oils, used as a deap treatment before shampooing, at home or at the beach, but is there an all-in-one solution for everyday intensive nutrition and modern styling?I am passionate about the benefits of natural extracts with tried-and-tested results, which I have used to develop my own brand (lemon for its acid ph, wheat germ for its fortifying action…). I wanted a product which combined caring and styling effects, and which could be used after shampo...
The platform combines the strengths of Singtel's extensive, intelligent network capabilities with Microsoft's cloud expertise to create a unique solution that sets new standards for IoT applications," said Mr Diomedes Kastanis, Head of IoT at Singtel. "Our solution provides speed, transparency and flexibility, paving the way for a more pervasive use of IoT to accelerate enterprises' digitalisation efforts. AI-powered intelligent connectivity over Microsoft Azure will be the fastest connected pat...
There are many examples of disruption in consumer space – Uber disrupting the cab industry, Airbnb disrupting the hospitality industry and so on; but have you wondered who is disrupting support and operations? AISERA helps make businesses and customers successful by offering consumer-like user experience for support and operations. We have built the world’s first AI-driven IT / HR / Cloud / Customer Support and Operations solution.
Codete accelerates their clients growth through technological expertise and experience. Codite team works with organizations to meet the challenges that digitalization presents. Their clients include digital start-ups as well as established enterprises in the IT industry. To stay competitive in a highly innovative IT industry, strong R&D departments and bold spin-off initiatives is a must. Codete Data Science and Software Architects teams help corporate clients to stay up to date with the mod...
At CloudEXPO Silicon Valley, June 24-26, 2019, Digital Transformation (DX) is a major focus with expanded DevOpsSUMMIT and FinTechEXPO programs within the DXWorldEXPO agenda. Successful transformation requires a laser focus on being data-driven and on using all the tools available that enable transformation if they plan to survive over the long term. A total of 88% of Fortune 500 companies from a generation ago are now out of business. Only 12% still survive. Similar percentages are found throug...
Druva is the global leader in Cloud Data Protection and Management, delivering the industry's first data management-as-a-service solution that aggregates data from endpoints, servers and cloud applications and leverages the public cloud to offer a single pane of glass to enable data protection, governance and intelligence-dramatically increasing the availability and visibility of business critical information, while reducing the risk, cost and complexity of managing and protecting it. Druva's...
BMC has unmatched experience in IT management, supporting 92 of the Forbes Global 100, and earning recognition as an ITSM Gartner Magic Quadrant Leader for five years running. Our solutions offer speed, agility, and efficiency to tackle business challenges in the areas of service management, automation, operations, and the mainframe.