In the overall economy, on line job listings fell by 163,000 listings in August, to 3.9 million. The August decline follows a drop of 217,000 job listings in July and 100,000 job listings in June. There were more than three unemployed people for every online advertised vacancy in July, the latest monthly data available for unemployment.
"Following a very strong first quarter (+763,000), labor demand has fallen off in the second quarter and into the third quarter (-456,000), reducing the earlier gains," June Shelp, Vice President at The Conference Board, said in a media release.
Overall, 2011 has seen a 308,000 increase in labor demand, but the average monthly gain this year (+38,000) is less than last year's average monthly gain at this point (+62,000), Shelp said.