Where is the Job market going? The Conference Report’s Online Ad Report

Saturday, January 15, 2011

GoLocalProv Business Staff

Where is the job market going? According the The Conference Board's report on online advertising vanacies saw a flat national trend and a decrease in the northeast. According to The Conference Board, Online advertised vacancies were basically unchanged as they dipped 9,400 in December to 4,447,800, according to The Conference Board Help Wanted OnLine™ (HWOL) Data Series.

The nation's Supply/Demand rate stood at 3.39 unemployed for every advertised vacancy in November (the last available unemployment data)—a figure that is down from a peak of 4.73 in October 2009. Nationally, there are 10.7 million more unemployed than advertised vacancies.

"The year 2010 ended with a continuation of the lackluster labor demand we have seen throughout the last half of this year," said June Shelp, Vice President at The Conference Board. "The strongest job demand was in the first quarter of the year, but the rest of the year failed to show that employers were significantly ramping up hiring across the economy. In the last half of 2010, advertised vacancies for workers in production, transportation, and construction and maintenance occupations increased, but demand for sales staff and workers in food preparation and serving, which rose in early 2010, moderated. After a promising start, 2010 ended with the overall job market relatively flat."

REGIONAL AND STATE HIGHLIGHTS

* December online job demand weakest in the Northeast

The Northeast experienced the largest change with a decline of 20,400. New Jersey declined for the second month in a row (-7,900 in December), primarily from losses in openings for Office and Administrative Support Occupations, Computer and Mathematical Science Occupations, Sales and Related Occupations, and Management Occupations. New York dipped for the third straight month by 1,800 in December. Both New Jersey and New York have seen slowdowns in growth for the second half of the year. Pennsylvania gained 6,700 in December. Massachusetts held steady (300). Among the smaller States, Connecticut and Maine lost 2,300 and 800 respectively. Rhode Island and Vermont also experienced declines, 1,500 and 1,000 respectively.

For the third month in a row, labor demand rose moderately in the West, up 12,600 in December. California was the largest contributor with an increase of 5,900. Arizona and Colorado gained 3,600 and 1,200 respectively while Washington slipped by 800 in December. Among the smaller States, Oregon rose for the third straight month, up 3,100 in December. Nevada and Hawaii also posted small gains—1,600 and 300 respectively. Alaska and New Mexico had small declines of 1,600 and 400, respectively.

The South rose by 12,500 in December. Georgia regained its prior momentum from the fall and added 7,300. Florida also experienced a respectable gain of 5,800 for December. Texas posted 4,900 advertised vacancies in December. Maryland lost 3,900, while Virginia increased by 800. North Carolina fell by 3,800. Among the less populous states in the South, Delaware fell for the fourth straight month (1,200). Advertised vacancies in Oklahoma remained unchanged. Louisiana and Kentucky declined 1,300 and 2,100 respectively.

Last month, the Midwest increased by 10,600. Wisconsin led the Midwest with its gain of 7,600. In the past quarter, Wisconsin has had a gain of 14,200. Ohio declined by 4,100. Labor demand in Michigan and Illinois had slight increases of 2,500 and 1,400 respectively. Over the past year Michigan continues to remain on a slow upward growth path. Minnesota grew by 3,300 this month while Ohio fell by 4,100. Among the States with smaller populations, Indiana and Missouri remained unchanged and North Dakota and Kansas experienced slight losses of 700 and 300 respectively.

OCCUPATIONAL HIGHLIGHTS

Labor demand in December for:

* Sales and Related up 10,300
* Production rises 8,600
* Computer and Mathematical Science slips by 8,500

According to the repotrt:

Among the top 10 occupation groups with the largest numbers of online advertised vacancies, Sales and Related occupations posted the largest December increase in the number of advertised vacancies, up 10,300 to 459,800 after three months of losses. However, unemployed workers in these occupations still outnumber advertised vacancies by 3.52 to one (based on November data, the latest unemployment data available).

Computer and Mathematical Science occupations posted a December decrease of 8,500 to 596,400 following gains throughout the fall. The December decline was largely due to decreases in demand for computer systems analysts and computer software applications engineers. The number of advertised vacancies in this occupational category continues to outnumber job seekers by almost three to one.

Demand for Production occupations grew by 8,600 to 120,400 and was led by an increased demand for painting, coating, and decorating workers. There still remain almost 11 unemployed workers (10.77) looking for work in Production for every advertised opening.

Supply/Demand rates indicated that, among the occupations with the largest number of online advertised vacancies, there is a significant difference in the number of unemployed seeking positions in these occupations. Among the top ten occupations advertised online, there were more vacancies than unemployed people seeking positions for Healthcare Practitioners (0.33), Computer and Mathematical Science (0.36), and Life, Physical, and Social Science occupations (0.81). On the other hand, in Food Preparation and Serving-Related occupations, there were over 9 people seeking jobs in this field for every online advertised vacancy (9.2) and there were over 7 unemployed looking for work in Transportation and Material Moving positions for every advertised opening (7.4).