Economy continues its moderate upward trend in labor demand with online vacancies up by 1.1 million since the official end of the recession (June 2009)

40 out of 50 States post gains in online job demand in October

October demand up for healthcare practitioners and technical workers, management workers, and computer and mathematical science workers

Online advertised vacancies rose 113,700 in October to 4,409,800, following an increase of 59,900 in September, according to The Conference Board Help Wanted OnLine™ (HWOL) Data Series released today. The nation’s Supply/Demand rate stood at 3.44 unemployed for every advertised vacancy in September (the last available unemployment data), a figure that is down from a peak of 4.73 in October 2009. Nationally, there are 10.5 million more unemployed than advertised vacancies.

“In this slow economic recovery, the October rise is welcome news that the trend in labor demand continues to move in a positive direction, albeit at a very moderate pace,” said June Shelp, Vice President at The Conference Board. “The October increase reflected a moderate rise in a range of occupations and geographically across the nation. The slow but steady upward trend of the last seven months points to modest growth in employment through the end of 2010.” Note: the current declines in employment reflect the closing out of the decennial Census.

For more information, including press release and technical notes:
http://www.conference-board.org/data/helpwantedonline.cfm