Online Labor Demand Up 208,800 in March
Press release from the issuing company
Friday, April 1st, 2011
Online Labor Demand Up 208,800 in March, The Conference Board Reports
Labor demand up over 600,000 in Q1 2011
March posts increases for a variety of occupations including food service workers, sales, office help, and building and grounds workers
Labor Supply/Labor Demand (3.22) narrows slightly in February (last available unemployment data) with 9.4 million more unemployed workers than advertised vacancies (Chart 1)
Online advertised vacancies rose 208,800 in March to 4,454,500 according to The Conference Board Help Wanted OnLine™ (HWOL) Data Series released today. The March rise follows a large January increase and a small change in February, and brings the gain in labor demand in the first quarter of 2011 to over 600,000.
“Thus far in 2011, labor demand is looking strong,” said June Shelp, Vice President at The Conference Board. “In the first quarter of 2011, the monthly increase in advertised vacancies has averaged about 200,000/month. That’s good news after the overall anemic growth in labor demand over the last 11 months of 2010 (Chart 2). In March, almost half of the advertised vacancies were new ads that were not there the previous month (new ads up 98,200). This is a further positive sign that employers are continuing to look for workers.”
