Online advertised job vacancies fell by 15,500 in July to 5.04 million, according to The Conference Board’s help wanted online data series.

“Labor demand continues to be at historically high levels with employer demand running at about 5 million ads each month,” said Gad Levanon, director of macroeconomics and labor markets at The Conference Board. “While the average monthly increases have become more modest since early 2013, the overall trend has helped lower unemployment levels and reduced the U.S. Supply/Demand rate from a peak of 5.2 in June 2009 to 1.9 in June 2014.”