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Number of online job ads down 4.7%

October 01 2008

The number of U.S. jobs posted online fell to approximately 4.4 million in September, a drop of 215,600, or 4.7% from August, according to seasonally adjusted numbers from The Conference Board's measure of online help-wanted ads. Compared to September 2007, the number of online ads fell 6.2%.

"All in all, indications are that employment will deteriorate even more rapidly in the near term," said Gad Levanon, senior economist at The Conference Board. "The current [online help-wanted] data indicates that labor demand was down in September even before the tumultuous events in the financial sector during the end of the month."

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