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Online job postings fall by 506,000

February 02 2009

The number of U.S. jobs posted online fell by 506,000 in January to almost 3.4 million, according to The Conference Board's measure of online help-wanted ads released today. For both January and December, online postings were down by more than 1 million.

"An expected increase in the unemployment numbers coming out at the end of this week, combined with this sharp January drop in labor demand, will widen the labor supply/demand gap," said Gad Levanon, senior economist at The Conference Board. "In December, the number of unemployed looking for work already exceeded the number of advertised vacancies by 7.3 million."

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