Online Job Ads Rise Sharply in March
Online job ads, one of many indicators of the employment situation in the country, rose sharply in March, 2006, to 2.4 million ads. The Conference Board reported that the increase reached 414,600 new job ads, up 21% from February, 2006, which saw a small drop in job ads.
The increase is the largest ever since the Conference Board created the index in April 2005 and currently stands at its highest level ever as well. March saw 1.6 online job ads for every 100 individuals in the country’s labor force. February had only 1.33 per 100.
Board economist Gad Levanon noted since March is not a particularly strong month in terms of labor demand, these latest numbers suggest the rise was not just due to seasonal factors.