Online Labor Demand Decreases Slightly in December
The Conference Board uses cookies to improve our website, enhance your experience, and deliver relevant messages and offers about our products. Detailed information on the use of cookies on this site is provided in our cookie policy. For more information on how The Conference Board collects and uses personal data, please visit our privacy policy. By continuing to use this Site or by clicking "OK", you consent to the use of cookies. 

Economy, Strategy & Finance Center

The Conference Board Help Wanted OnLine®

Subscribe

Online Labor Demand Decreases Slightly in December

Latest Press Release

Updated : 2024-01-10


View the national HWOL Index and other economic indicators on Data Central » 

Access the HWOL Hub for more insights »

The Conference Board−Lightcast Help Wanted OnLine® (HWOL) Index fell in December 2023 to 147.4 (July 2018=100), down from an upwardly revised 148.0 in November. The 0.7 percent decrease between December and November followed a 0.4 percent decline between October and November. Overall, the Index is down 14.0 percent from one year ago.

 

The HWOL Indexmeasures the change in advertised online job vacancies over time, reflecting monthly trends in employment opportunities across the US. The Help Wanted OnLine® Index is produced in collaboration with Lightcast, the global leader in real-time labor market data and analysis. This collaboration enhances the Help Wanted OnLine® program by providing additional insights into important labor market trends.

 

Help Wanted OnLine® (HWOL) Index: United States, seasonally adjusted, December 2023

[July 2018=100]

Sources: The Conference Board, Lightcast, Bureau of Labor Statistics

© 2024 The Conference Board. All rights reserved.

PROGRAM NOTES

Prior to 2020, The Conference Board constructed the HWOL Index based solely on online job ads over time. Using a methodology designed to reduce non-economic volatility contributed by online job sources, the HWOL Index served an effective measure of changes in labor demand over time.

Beginning January 2020, the HWOL Index was refined as an estimate of change in job openings (based on BLS JOLTS), using a series of econometric models which incorporate job ads with other macroeconomic indicators such as employment and aggregate hours worked. By adopting a modeled approach which combines other data sources with data on online job ads, the HWOL Index more accurately tracks important movements in the labor market.

 

The Conference Board-Lightcast Help Wanted OnLine® (HWOL) Indexmeasures changes over time in advertised online job vacancies, reflecting monthly trends in employment opportunities across the US. The HWOL Data Series aggregates the total number of ads available by month from the HWOL universe of online job ads. Ads in the HWOL universe are collected in real-time from over 50,000 online job domains including traditional job boards, corporate boards, social media sites, 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), Help Wanted OnLine® measures help wanted advertising—i.e. labor demand. The HWOL Data Series began in May 2005 and was revised in December 2018. With the December 2018 revision, The Conference Board released the HWOL Index, improving upon the HWOL Data Series’ ability to assess local labor market trends by reducing volatility and non-economic noise and improving correlation with local labor market conditions.

In 2019, Lightcast (formerly Emsi Burning Glass) joined the Help Wanted OnLine® program as the new sole provider of online job ad data for HWOL. With this partnership, the HWOL Data Series has been revised historically to reflect a new universe and methodology of online job advertisements and therefore cannot be used in conjunction with the pre-revised HWOL Data Series. The HWOL Data Series begins in January 2015 and the HWOL Index begins in December 2005. HWOL Index values prior to 2020 are based on job ads collected by CEB, Inc.

Those 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 note and discussion of revisions to the series are available at: http://www.conference-board.org/data/helpwantedonline.cfm.


About The Conference Board

The Conference Board is the member-driven think tank that delivers Trusted Insights for What’s Ahead™. Founded in 1916, we are a non-partisan, not-for-profit entity holding 501 (c) (3) tax-exempt status in the United States. www.ConferenceBoard.org.

 

About Lightcast

As the global leader in labor market analytics, Lightcast illuminates the future of work with data-driven talent strategies. Formerly Emsi Burning Glass, Lightcast finds purpose in sharing the insights that build communities, educators, and companies, and takes pride in knowing our work helps others find fulfillment, too. Headquartered in Boston, Massachusetts, and Moscow, Idaho, Lightcast is active in more than 30 countries and has offices in the United Kingdom, Italy, New Zealand, and India. Lightcast is backed by global private equity leader KKR. https://lightcast.io/ 

For further information contact:

Joseph DiBlasi
781.308.7935
JDiBlasi@tcb.org

Experts / Authors

Methodology & Technical Notes

Related Content

Connect and be informed about this topic through webcasts, virtual events and conferences

Press Releases / In the News

PRESS RELEASE

Online Labor Demand Rises Slightly in June

July 10, 2024

PRESS RELEASE

Online Labor Demand Rises in May

June 12, 2024

PRESS RELEASE

Online Labor Demand Rises in March

April 10, 2024

PRESS RELEASE

Online Labor Demand Rises in February

March 13, 2024

PRESS RELEASE

Online Labor Demand Decreases Slightly in January

February 13, 2024

PRESS RELEASE

The Conference Board Help Wanted Online Data Series

February 07, 2024

Data central

Subscribe to Access Data Central & Chart Reports

Your centralized, one-stop portal for accessing and exporting The Conference Board global suite of monthly and quarterly economic data. Get up to speed on critical trends—anytime, anywhere—with customizable real-time datasets.

Economic Indicator Calendar

All release times displayed are Eastern Time

Global Economic Indicators

Learn more Yellow and white frame illustration

hubCircleImage