NEW YORK, April 24 /PRNewswire/ -- The Conference Board Help-Wanted
Advertising Index declined two points in March. The Index now stands at 19,
down from 29 a year ago.
The Conference Board is the global business research and membership
organization.
In the last three months, help-wanted advertising declined in all nine
U.S. regions. Steepest declines occurred in the East North Central
(-20.3%), West North Central (-18.1%) and East South Central (-16.7%)
regions.
Says Ken Goldstein, Labor Economist at The Conference Board: "Print
want-ad volume has shown a slightly declining trend over the past half
year. Data for online job ads has also started to edge lower. The
cumulative impact of the housing crisis, financial market turmoil, higher
energy and other prices is slowing the overall economy and resulting in job
cuts and reduced hiring intentions -- with the prospect that declines may
steepen. The labor market is likely to get worse before it gets better.
This is precisely the fear driving consumer and business expectations down
to levels only seen during recessions."
About The Help-Wanted Advertising Index
The Conference Board surveys help-wanted print advertising volume in 51
major newspapers across the country every month. Because ad volume has
proven to be sensitive to labor market conditions, this measure provides a
gauge of change in the local, regional and national supply of jobs.
NOTE:
The Conference Board will no longer publish the Help-Wanted Advertising
Index of print advertising after July 1, 2008. The Index will continue to
be produced for research purposes only. For more information, please
contact Frank Tortorici, Director of Communications at The Conference Board
at (212) 339-0231, or email f.tortorici@conference-board.org
SOURCE The Conference Board
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Related links:
http://www.conference-board.org
CONTACT:
Ken Goldstein of The Conference Board,
+1-212-339-0331
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