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Report says online job ads fell

October 31 2007

The number of U.S. jobs posted online fell 2.5%, to 4.16 million in October, according to The Conference Board's online help-wanted advertising survey. Still, the number of ads was up 8.6% over October 2006.

New online ads — those which didn't appear in the previous month — fell 2% to 2.88 million in October. Year-over-year, however, the number of new ads is up 13.8%.

"The year-on-year growth rate of online advertised vacancies, while still positive, has slowed in recent months, and the 8.6% increase (year-over-year) is the smallest since this series began in May 2005," said Gad Levanon, economist at The Conference Board. "These data suggest that the slow pace in the labor market will continue in the months ahead and is likely to extend into the early months of 2008."

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