This data series provides timely monthly measures of labor demand (advertised vacancies) at the national, regional, state, and metropolitan area levels.
Online Job Ads Increased 102,100 in March
04 Apr. 2018
Online Job Ads Increased 102,100 in March
- Most States showed small gains
- Most occupations showed gains over the month
Online advertised vacancies increased 102,100 to 4,819,700 in March, according to The Conference Board Help Wanted OnLine® (HWOL) Data Series,released today. The February Supply/Demand rate stands at 1.42 unemployed for each advertised vacancy, with a total of 2.0 million more unemployed workers than the number of advertised vacancies. The number of unemployed was approximately 6.7 million in February.
The Professional occupational category saw gains in Management (14.4) and Healthcare practitioners and technical (11.7). The Services/Production occupational category saw changes in Sales (21.2), Transportation (14.6), and Food prep (-11.7).
NOTE: Recently, the HWOL Data Series has experienced a declining trend in the number of online job ads that may not reflect broader trends in the U.S. labor market. Based on changes in how job postings appear online, The Conference Board is reviewing its HWOL methodology to ensure accuracy and alignment with market trends.
REGIONAL AND STATE HIGHLIGHTS
• Among the largest States, 13 increased, 6 decreased, and 1 was constant
• Among the 50 States, 27 increased, 20 declined, and 3 were constant
March Changes for States
In March, online labor demand grew in 27 States, declined in 20 States, and 3 were constant. All four regions experienced increases.
The Northeast increased 4,800 in March (Table A). New York increased 3,200 to 298,900. New Jersey decreased 1,900 to 147,600. Massachusetts increased 800 to 141,400. Pennsylvania increased 5,100 to 209,600. In the smaller States, Connecticut decreased 3,100 to 65,500. New Hampshire decreased 100 to 23,600 and Maine decreased 1,400 to 18,700. Rhode Island decreased 100 to 15,100 and Vermont grew 400 to 11,600 (Table 3).
The West increased 15,700 in March. California increased 11,100 to 559,300 and Colorado decreased 1,200 to 122,200. Washington increased 4,300 to 143,700. Arizona decreased 1,500 to 93,000. Among the smaller States in theWest, Oregon decreased 500 to 72,500. Utah increased 1,800 to 52,100. Nevada remained constant at 43,700. Idaho fell 1,100 to 22,700 and New Mexico increased 1,100 to 25,900. Montana fell 1,200 to 18,700 and Hawaii decreased 600 to 21,500.
The Midwest experienced an increase of 11,900 in March. Illinois grew 3,500 to 187,200 and Michigan decreased 6,400 to 135,900. Missouri increased 1,300 to 88,700 and Ohio increased 7,300 to 176,300. Minnesota increased 5,100 to 135,100 and Wisconsin decreased 100 to 102,500. Among the smaller States in the region, Indiana increased 3,200 to 85,000 and Iowa decreased 500 to 57,600. Nebraska grew 300 to 29,700 and South Dakota decreased 100 to 13,300. Kansas decreased 100 to 36,700.
The South increased 21,700 in March. Among the larger States in the region, Texas increased 15,300 to 335,300. Florida increased 5,200 to 255,300. North Carolina increased 3,600 to 138,400. Georgia decreased 1,600 to 152,100. Virginia remained constant at 147,800. Maryland decreased 300 to 95,700. Among the smaller States, Tennessee increased 2,000 to 81,800 and South Carolina decreased 700 to 60,300. Alabama grew 2,200 to 50,800. Kentucky grew 1,600 to 45,500 and Oklahoma decreased 100 to 39,500. Louisiana increased 1,500 to 40,200 and Delaware increased 700 to 16,600.
Supply/Demand Rates: Help Wanted OnLine calculates Supply/Demand rates for the 50 States (Table 4). The data are for February 2018, the latest month for which State unemployment figures are available.
There were 12 States in which the number of advertised vacancies exceeded the number of unemployed: Hawaii (0.63), North Dakota (0.72), Colorado (0.76), Minnesota (0.77), New Hampshire (0.81), Iowa (0.83), Vermont (0.86), Wisconsin (0.90), Massachusetts (0.91), Nebraska (0.96), Utah (0.97) and Maine (1.0). The States with the highest Supply/Demand rates were Louisiana (2.45), New Mexico (2.18), Mississippi (2.15) and West Virginia (2.13), which had more than two unemployed workers for every job opening.
Please note that the Supply/Demand rate only provides a measure of relative tightness of the individual State labor markets and does not suggest that the occupations of the unemployed directly align with the occupations of the advertised vacancies.
METRO AREA HIGHLIGHTS
- In March, thirteen of the 20 largest metro areas rose and seven declined
- Among the 52 metro areas, 26 rose, 25 declined, and 1 was constant (See pdf Table 5)
Metro Area Changes
In March, labor demand rose in 26 metro areas, declined in 25, and 1 was constant. The MSAs with the largest changes in each of the regions were: Detroit (-3,700) and Minneapolis-St. Paul (3,300) in the Midwest; Phoenix (-2,500) and Seattle-Tacoma (1,900) in the West; Dallas (3,900) and Houston (2,700) in the South; and New York (-2,100) and Pittsburgh (1,600) in the Northeast (See Table B and Table 5).
The West increased 15,700 in March. Seattle-Tacoma grew 1,900 to 95,200 and Phoenix decreased 2,500 to 66,900. San Francisco increased 1,500 to 114,400. Los Angeles increased 1,300 to 167,900. Denver increased 700 to 72,800 and San Jose grew 1,800 to 61,600. Riverside increased 600 to 32,800. Portland fell 700 to 46,300. Sacramento decreased 400 at 28,400 and Salt Lake City increased 300 to 28,300. Honolulu fell 700 at 14,300 and Las Vegas fell 700 to 27,100.
The South increased 21,700 in March. Houston increased 2,700 to 72,100 and Dallas increased 3,900 to 109,700. Miami increased 300 to 70,800 and Washington, DC decreased 2,100 to 147,400. Austin remained constant at 40,400 and Atlanta decreased 900 to 101,200. Orlando increased 300 to 37,100. Charlotte decreased 600 to 43,500. Tampa grew 700 to 43,400 and Baltimore increased 100 to 52,200. San Antonio fell 900 to 28,400. Nashville increased 1,700 to 35,500. New Orleans grew 200 to 15,100 and Birmingham decreased 100 to 13,800. Louisville increased 300 to 16,800.
The Northeast increased 4,800 in March. New York decreased 2,100 to 298,600 and Pittsburgh increased 1,600 to 46,700. Philadelphia increased 1,500 to 102,900. Boston fell 500 to 110,300. Providence decreased 400 to 20,300. Buffalo decreased 100 to 18,500. Hartford fell 1,100 to 26,200 and Rochester increased 200 to 15,800.
The Midwest experienced an increase of 11,900 in March. Detroit decreased 3,700 to 64,900 and Chicago increased 2,200 to 148,800. Minneapolis-St. Paul increased 3,300 to 96,200 and St. Louis grew 300 to 47,500. Indianapolis grew 400 to 32,400. Columbus decreased 400 to 37,800 and Cincinnati increased 3,200 to 39,300. Kansas City decreased 1,100 to 36,900 and Cleveland increased 1,200 to 33,000. Milwaukee decreased 400 to 31,000.
The number of postings does not, however, tell the entire story. A crucial factor is how many unemployed people are seeking jobs and how much competition there is for the jobs that are available. The Conference Board HWOL’s Supply/Demand rate relates the number of unemployed workers to the number of advertised vacancies. Based on January’s data (the latest available unemployment data for metro areas), 13 major metro areas saw more job openings than unemployed workers: San Jose (S/D rate of 0.52), Minneapolis-St. Paul (0.61), Honolulu (0.61), Denver (0.62), San Francisco (0.64), Salt Lake City (0.66), Milwaukee (0.74), Nashville (0.76), Boston (0.78), Austin (0.81), Washington, DC (0.85), Indianapolis (0.87), and Portland (0.99). (Table 6). Other favorable markets for job-seekers included Seattle-Tacoma (1.01) and Columbus (1.02).
In contrast, unemployed workers face great competition for each advertised position in Riverside (over 2 unemployed for every opening) as well as Houston (over 2 unemployed for every opening). In 50 of the 52 metro areas, however, there are now fewer than 2 unemployed per advertised opening. (See Table 6 for complete metro area Supply/Demand rates.)
In March, nine of the largest ten online occupational categories posted increases and one declined (See pdf Table C)
Occupational Changes for the Month of March
In March, nine of the largest ten online occupational categories posted increases and one declined.
Management ads increased 14,400 to 426,800. The supply/demand rate lies at 0.71, i.e. 1 advertised openings per unemployed job-seeker (see Table C and Table 7).
Healthcare practitioners and technical ads increased 11,700 to 529,900. The supply/demand rate lies at 0.28, i.e. 3 advertised opening per unemployed job-seeker.
Education ads increased 6,900 to 174,300. The supply/demand rate lies at 1.95, i.e. over 1 unemployed job-seekers for every advertised available opening.
Sales and related ads increased 21,200 to 470,500. The supply/demand rate lies at 1.72, i.e. over 1 unemployed job-seekers for every advertised available opening.
Transportation ads increased 14,600 to 383,200. The supply/demand rate lies at 1.50, i.e. over 1 unemployed job-seekers for every advertised available opening.
Food and prep ads decreased 11,700 to 219,500. The supply/demand rate lies at 2.57, i.e. 2 unemployed job-seekers for every advertised available opening.
Recently, the HWOL Data Series has experienced a declining trend in the number of online job ads that may not reflect broader trends in the U.S. labor market. Based on changes in how job postings appear online, The Conference Board is reviewing its HWOL methodology to ensure accuracy and alignment with market trends.
HWOL available on Haver Analytics
Over 3,000 of the key HWOL press release time series are exclusively available on Haver Analytics. The available time series include the geographic and occupational series for levels and rates for both Total Ads and New Ads. In addition to the seasonally adjusted series, many of the unadjusted series are also available. The geographic detail includes: U.S., 9 Regions, 50 States, 52 MSAs (largest metro areas). The occupational detail includes: U.S. (2-digit SOC), States (1-digit SOC) and MSAs (1-digit SOC).
For more information about the Help Wanted OnLine database delivered via Haver Analytics, please email email@example.com or navigate to http://www.haver.com/contact.html. For HWOL data for detailed geographic areas and occupations not in the press release, please contact Jeanne.Shu@conference-board.org.
The Conference Board Help Wanted OnLine®Data Series (HWOL) measures the number of new, first-time online jobs and jobs reposted from the previous month for over 16,000 Internet job boards, corporate boards and smaller job sites that serve niche markets and smaller geographic areas.
Like The Conference Board’s long-running Help Wanted Advertising Index of print ads (which was published for over 55 years and discontinued in July 2008), the HWOL series measures help wanted advertising, i.e. labor demand. The HWOL data series began in May 2005. With the September 2008 release, HWOL began providing seasonally adjusted data for the U.S., the nine Census regions and the 50 States. Seasonally adjusted data for occupations were provided beginning with the May 2009 release, and seasonally adjusted data for the 52 largest metropolitan areas began with the February 2012 release.
People using this data are urged to review the information on the database and methodology available on The Conference Board website and contact us with questions and comments. Background information and technical notes and discussion of revisions to the series are available at: http://www.conference-board.org/data/helpwantedonline.cfm.
Additional information on the Bureau of Labor Statistics data used in this release can be found on the BLS website, www.bls.gov.
The Conference Board
The Conference Board is a global, independent business membershipand research association working in the public interest. Our mission is unique: To provide the world’s leading organizationswith the practical knowledge they need to improve their performance and better serve society. The Conference Board is a non-advocacy, not-for-profit entity holding 501 (c) (3) tax-exempt status in the United States.
WANTED Analytics, a CEB Company
WANTED is a leading supplier of real-time business intelligence solutions for the talent marketplace. Using technology to gather data from corporate career sites and online job boards, WANTED builds products to help our users make better human capital decisions faster. Users of our products include corporate human resources departments, market analysts and employment services firms as well as the federal, state and local labor market analysts that use HWOL. For more information, please visit: www.wantedanalytics.com.
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Release Dates for 2018
May 2, 2018
May 30, 2018
July 2, 2017
August 1, 2018
September 5, 2018
October 3, 2018
October 31, 2018
December 5, 2018
The next release is Wednesday, May 2 at 10 AM.
For further information contact:
1 212 339 0232
THESE DATA ARE FOR ANALYSIS PURPOSES ONLY. NOT FOR REDISTRIBUTION, PUBLISHING, DATABASING, OR PUBLIC POSTING WITHOUT EXPRESS WRITTEN PERMISSION.