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Report finds most online job ads since 2008

February 01, 2010

The number of online job ads rose by 382,000 in January to more than 4.0 million. This is the first time the number has exceeded 4.0 million since November 2008, according to The Conference Board's measure of online help-wanted ads released today.

"The last three months have shown a sharp upturn in employer demand for workers," said Gad Levanon, associate director of macroeconomic research at The Conference Board. "These increases have brought us back near the labor demand levels that existed in November 2008 just prior to the huge losses resulting from the financial turmoil in the last quarter of 2008. This is very good news since these seasonally adjusted increases come in two months when we normally see employers cut back on advertising for workers."