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Online job ads fall

December 03 2007
The number of U.S. jobs posted online fell 2.1%, to almost 4.1 million in November, according to The Conference Board's online help-wanted advertising survey. But the number of ads was up 9.7% over November 2006.

New online ads — those which didn't appear in the previous month — fell 2.3% to 2.8 million in November. Year-over-year, however, the number of new ads rose 17.2%

"The growth in the number of online ads has slowed in the last two months and while year-over-year growth is still positive, the pace has definitely slowed," said Gad Levanon, economist at The Conference Board. "In addition to trimming their hiring intentions, in recent months businesses have also been pulling back on investments in capital goods. At the same time, American consumers are feeling more pessimistic about job growth and the U.S. economy in general, according to The Conference Board consumer confidence survey, released last week. These data suggest that we are not likely to see any significant boost in employment through the early months of 2008."

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