Help Wanted Ads At 49 Year Low
The Conference Board issued a Press Release today on its monthly reading of U.S. help wanted advertising. It also stated that on-line advertising took a 2% dip in June.
With this reading happening in June, at the start of a busy summer season, does not bode well for the remainder of the year. The report also pointed out that the reading has been down in all regions of the country for three consecutive months. The Pacific region is leading the country by being down almost 25%.
Another issue is the effect that lower job demand has on wages. As competition for applicants moves down, so do the salaries that employers have to pay to fill those openings.
With this reading happening in June, at the start of a busy summer season, does not bode well for the remainder of the year. The report also pointed out that the reading has been down in all regions of the country for three consecutive months. The Pacific region is leading the country by being down almost 25%.
Another issue is the effect that lower job demand has on wages. As competition for applicants moves down, so do the salaries that employers have to pay to fill those openings.
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