Thursday, September 27, 2007

No Help

Today the Conference Board announced that in August, its Help Wanted Advertising Index fell for the eighth straight month, by a larger-than-expected 8% (using the integer numbers that the Board reports), to its first new all-time low since 1958. ("All-time" in this case means since 1951, when the series began.) This means that major newspapers in the US carried fewer help wanted ads than they did at the depth of the 1958 recession. This is despite the fact that the scale of the US economy, by any measure, has more than doubled since 1958. (In particular, there were about 51 million employees on nonagricultural payrolls in mid-1958, compared to 138 million today.) It's also despite the fact that many of the smaller local newspapers, which used to compete with the surveyed major newspapers for advertising, have gone out of business or been absorbed by the major newspapers during that time.

Part of the explanation is the emergence, over the past decade, of online recruiting as an alternative to newspaper-based recruiting. This is only a partial explanation, though, and it only helps explain the general downward trend in newspaper help wanted advertising over the past decade, not the specific decline this year. Online help wanted advertising, according to the Monster Employment Index, has been (uncharacteristically) roughly flat since March (over which time the Conference Board index* has fallen by 23%), though the Monster index has doubled between October 2003 and today. But in 2003, online help wanted advertising had only 19% of the market share vs. newspapers, so even the doubling doesn't begin to make up for the 36% drop in newspaper help wanted advertising over the same period.

Also this morning, ironically perhaps, we got the news that new unemployment claims fell below 300,000 in the week ended September 22, for the first time since May. There has been no pattern of rising unemployment claims this year while help wanted advertising has been steadily falling. Apparently, the US is experiencing a new kind of economic weakness -- one where the trailing edge of the labor market keeps steady but the leading edge stops advancing.

*UPDATE: Just to clarify, I'm referring to the index of newspaper help wanted advertising discussed in the previous paragraph. The Conference Board also has an index of online help wanted advertising, but I haven't started to follow it yet.

Labels: , , , , ,


Blogger Laurent GUERBY said...

In 2004 according to OECD, normalized unemployment for men aged 25 to 54 was 4.6% in the USA and 7.4% in France. At the same time and for the same population the employment rate (number of workers divided by population) was 86.3% in the USA and 86.7% in France.

This example shows that the unemployment rate is 60% higher in France than in the USA, yet more people in this demographic are working in France than in the USA, which is counterintuitive if it is expected that the unemployment rate reflects the health of the labor market

Thu Sep 27, 02:05:00 PM EDT  
Blogger spencer said...

this implies that the economy is not creating new jobs but on the other hand it has not been destroying old jobs.

I suspect the heavy concentration of illegal aliens in construction may be creating a bias in the initial unemployment claims.

Thu Sep 27, 03:52:00 PM EDT  
Anonymous Anonymous said...


Thu Apr 02, 10:16:00 AM EDT  
Anonymous Anonymous said...

酒店喝酒,禮服店,酒店小姐,酒店領檯,便服店,鋼琴酒吧,酒店兼職,酒店兼差,酒店打工,伴唱小姐,暑假打工,酒店上班,酒店兼職,ktv酒店,酒店,酒店公關,酒店兼差,酒店上班,酒店打工,禮服酒店,禮服店,酒店小姐,酒店兼差,暑假打工,酒店經紀,台北酒店,禮服店 ,酒店小姐,酒店經紀,酒店兼差,寒假打工,酒店小姐,台北酒店,禮服店 ,酒店小姐,酒店經紀,酒店兼差,暑假打工,酒店小姐,台北酒店,禮服店 ,酒店小姐,酒店經紀,酒店兼差,寒假打工,台北酒店,禮服店 ,酒店小姐,酒店經紀,酒店兼差,暑假打工,酒店小姐,台北酒店,禮服店 ,酒店小姐,酒店兼差,暑假打工,酒店小姐,台北酒店,禮服店 ,酒店小姐,酒店經紀,酒店兼差,寒假打工,酒店小姐,台北酒店,禮服店 ,酒店小姐,酒店經紀,酒店兼差,暑假打工,酒店小姐,台北酒店,禮服店 ,酒店小姐,酒店經紀,酒店兼差,寒假打工,酒店小姐,台北酒店,禮服店 ,酒店小姐,酒店經紀,酒店兼差,暑假打工,酒店小姐,禮服店 ,酒店小姐,酒店經紀,酒店兼差,寒假打工,酒店小姐,禮服店 ,酒店小姐,酒店經紀,酒店兼差,暑假打工,酒店小姐,禮服店 ,酒店小姐,酒店經紀,酒店兼差,寒假打工,酒店小姐,禮服店 ,酒店小姐,酒店經紀,酒店兼差,暑假打工,酒店小姐,酒店傳播,酒店經紀人,酒店,酒店,酒店,酒店 ,禮服店 , 酒店小姐,酒店經紀,酒店兼差,暑假打工,招待所,酒店小姐,酒店兼差,寒假打工,酒店上班,暑假打工,酒店公關,酒店兼職,禮服店 , 酒店小姐 ,酒店經紀 ,酒店兼差,暑假打工,酒店,酒店,酒店經紀,酒店領檯 ,禮服店 ,酒店小姐 ,酒店經紀 ,酒店兼差,暑假打工, 酒店上班,禮服店 ,酒店小姐 ,酒店經紀 ,酒店兼差,暑假打工, 酒店上班,禮服店 ,酒店小姐 ,酒店經紀 ,酒店兼差,暑假打工, 酒店上班,酒店經紀

Mon Apr 20, 11:07:00 PM EDT  
Blogger raul said...

Some new style Puma Speed is in fashion this year. chaussure puma is Puma Shoes in french. Many france like seach “chaussure sport” by the internet when they need buy the Puma shoes or buy the nike max shoes.The information age is really convenient. By the way ,the puma CAT is really good chaussures puma ,don’t forget buy the puma mens shoes and nike air max ltd by the internet when you need them . Do you know Nike Air Shoes is a best Air Shoes .

Spring is coming, and how to choose the polo shirts is the main concern of many people. ralph lauren polo shirts is a classic type and reliable. ed hardy clothing is more in line with the aesthetic ideas of young people, so many young people filled with a variety of ed hardy clothes in their wardrobes. New style ed hardy womens shirt match the new style ed hardy sunglasses , it is a good idea.
Do you think this season is not for ugg boots ? maybe yes .but this season is best time that can buy the cheap ugg boots. Many sellers are selling discounted. Do not miss . Please view my blog and fc2 blog .thank you .

Wed May 20, 04:35:00 AM EDT  
Blogger wow power leveling said...

cheap wow gold buy wow power leveling my wow gold cheapest wow power leveling
replica replica rolex
CHEAP wow power level
BUY power leveling
replica rolex replica
cheap lotro gold
replica rolex
CHEAPEST power leveling
cheap rs gold l

Tue Jun 09, 10:17:00 PM EDT  
Blogger haitao said... : cheap hair straighteners : chi hair straightener : chi flat iron : new polo shirts : cheap Lacoste polo shirts : cheap Lacoste polo shirts : cheap handbags : cheap bags : puma chaussures : chaussures puma : chaussure puma : Men's North Face : Women's North Face : hair straighteners : sexy lingerie store : cheap ugg boots : tattoo wholesale : men's clothing : women's clothing : 2009 nike shoes : new nike shoes : Women's max : Men's max 93 : nike shox : Nike air force : Nike air max 2003 : nike air max ltd : nike air max tn : Nike air rift : Nike air Yeezy : nike airmax : Nike air max 90 : Nike air max 97 : nike birds nest shoes : nike dunk : nike RT1 shoes : nike SB : nike shox shoes : Nike shox OZ shoes : Nike shox R2 shoes : Nike shox R3 shoes : Nike shox R4 shoes : Nike shox R5 shoes : Nike shox TL3 : nike trainers lovers : tennis rackets : Wilson tennis rackets : HEAD tennis rackets : Babolat tennis rackets

Sat Jun 13, 04:26:00 AM EDT  
Anonymous Anonymous said...

クレジットカード 現金化

Wed Jul 08, 01:58:00 AM EDT  
Anonymous Anonymous said...

人材育成 システム

Wed Jul 08, 01:58:00 AM EDT  
Anonymous Anonymous said...


Wed Jul 08, 01:58:00 AM EDT  
Blogger 不動産 said...

水 通販
薬剤師 求人

Mon Jul 13, 04:02:00 AM EDT  
Blogger poston said...

wholesale gemstone jewelry
wholesale crystal jewelry
crystal wholesale
rock crystal

crystal jewelry
wholesale jewelry
jewelry wholesale
cheap jewelry

Sun Sep 27, 10:31:00 PM EDT  
Anonymous Anonymous said...

ペット 葬儀 川崎の移動火葬(出張火葬)対応のペット 葬儀 東京動物火葬/葬儀会社です。
保土ヶ谷 不動産豊かな自然と利便性を両立した大島・不動産 葛飾区砂町を中心に江東区のレジャーと不動産をご紹介します。不動の人気エリア「東横線」。渋谷・川崎市 不動産横浜に直通のアクセスと整った横浜市戸塚区 不動産住環境が魅力の人気沿線です。人気の港北ニュータウンを通る「市営地下鉄線グリーンライン」「市営地下鉄線ブルーライン」、横浜市旭区 不動産沿線都市の開発の進む注目の「JR横浜線」の3路線の沿線不動産特集をお送りします。
コストダウンの味方「オプティマキッドの名刺 激安」は両面カラー・高級厚紙・名刺作成ラミネート防水加工のハイクオリティです

Tue Jan 12, 12:50:00 AM EST  
Blogger 太陽˙眼鏡 said...


Fri Jan 15, 12:57:00 AM EST  
Blogger 太陽˙眼鏡 said...


Fri Jan 15, 12:57:00 AM EST  
Blogger Kattie said...

Live Keywords:鈦鍺手鍊 網路排名 網頁設計 網站排名 SEO SEO 關鍵字排名 SEO 關鍵字 網頁設計 網路排名 高仿手錶

Hot Keywords:關鍵字 排名行銷 SEO 網路行銷 網路行銷 SEO 百達翡麗 勞力士 江詩丹頓 沛納海 IWC 歐米茄

Sun Oct 09, 06:21:00 AM EDT  

Post a Comment

Links to this post:

Create a Link

<< Home