Conference Board Help-Wanted index rises.NEW YORK--(BUSINESS WIRE)--Aug. 31, 1995--The U.S. Help-Wanted Advertising Index rose four points in July, The Conference Board reports today. The seasonally-adjusted Index now reads 130, up from 126 in June. The figure was 131 a year ago. Despite the latest increase, help-wanted advertising declined in six regions over the last three months. The strongest increase has been in the New England New England, name applied to the region comprising six states of the NE United States—Maine, New Hampshire, Vermont, Massachusetts, Rhode Island, and Connecticut. The region is thought to have been so named by Capt. region (10.0%), followed by the West South Central region (2.8%). But steep declines were posted in the East South Central (-8.4%) and Mountain (-7.0%) regions. "Employers continue to have a favorable fa·vor·a·ble adj. 1. Advantageous; helpful: favorable winds. 2. Encouraging; propitious: a favorable diagnosis. 3. view of economic prospects for the second half of 1995, as reflected in this latest rise in the national Index," says Conference Board Economist Ken Goldstein Gold·stein , Joseph Leonard Born 1940. American biochemist. He shared a 1985 Nobel Prize for discoveries related to cholesterol metabolism. . "Consumers are realizing that a new round of layoffs is not likely anytime soon--a major reason why consumer confidence rebounded this summer. Increases in hiring will only encourage prospects for optimistic op·ti·mist n. 1. One who usually expects a favorable outcome. 2. A believer in philosophical optimism. op consumer attitudes." Strongest labor market labor market A place where labor is exchanged for wages; an LM is defined by geography, education and technical expertise, occupation, licensure or certification requirements, and job experience growth over the last two years has been in the Midwest and Mountain states The Mountain States (also known as the Mountain West) form one of the nine geographic divisions of the United States that are officially recognized by the United States Census Bureau. and in the South. These regions are also the center of job and income growth, with strong domestic capital investment and exports of high-tech equipment helping to build strong economic foundations in these areas. The Conference Board surveys help-wanted advertising volume in 51 major newspapers across the country every month. Because ad volume has proven to be sensitive to labor market conditions, this measure provides a gauge of change in the local, regional or national supply of jobs. Latest seasonally-adjusted results follow: -0-
July 95 June 95 May 95 July 94
National Index 130 126 126 131
Proportion of Labor
Markets with Rising
Want-ad Volume 69% 37% 22% 82%
Unemployment Rate 5.7% 5.6% 5.7% 6.1%
-0- CONTACT: The Conference Board, New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of Ken Goldstein, 212/339-0331 Home: 908/925-1476 |
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