U.S. online advertised job vacancies fell 131,000 in April to approximately 3.1 million, according to The Conference Board's measure of online help-wanted ads released today.

The April loss follows a decline of 6,600 in February and 100,000 in March. However, the declines are smaller than the drops of 500,000 in December and January.

"Based on the April numbers, we are not out of the woods, but the decline in labor demand is moderating," said Gad Levanon, senior economist at The Conference Board. "April and May are both months where business typically steps up their demand for workers. This year, that bounce may be more evident next month."