Online Labor Demand Down 56,800 in January - WCAX.COM Local Vermont News, Weather and Sports-

Online Labor Demand Down 56,800 in January

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SOURCE The Conference Board

January decline follows a flat pattern in labor demand seen in 2013

NOTE: January data incorporate this year's annual revision for the series and new seasonal adjustments

NEW YORK, Feb. 5, 2014 /PRNewswire/ -- Online advertised vacancies dipped in January to 5,232,000, according to The Conference Board Help Wanted OnLine® (HWOL) Data Series released today. The December Supply/Demand rate stands at 2.0 unemployed for each vacancy with a total of 5.1 million more unemployed workers than the number of advertised vacancies.

"Employers still seem hesitant to expand their workforce," said June Shelp, Vice President of The Conference Board. "The number of advertised vacancies remains high at about 5 million per month, but increases in ads have significantly dropped off over the past three years, declining from an average of +57,000 per month in 2011 to +45,000 in 2012 and down to only +26,000 in 2013."

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