The nation’s supply/demand rate stood at 3.44 unemployed for every advertised vacancy in September (the last available unemployment data), down from a peak of 4.73 in October 2009. Nationally, there are 10.5 million more unemployed than advertised vacancies, The Conference Board reports.
"In this slow economic recovery, the October rise is welcome news that the trend in labor demand continues to move in a positive direction, albeit at a very moderate pace," said June Shelp, vice president at The Conference Board. "The October increase reflected a moderate rise in a range of occupations and geographically across the nation. The slow but steady upward trend of the last seven months points to modest growth in employment through the end of 2010."
Shelp said online job postings across all sectors of the economy have increased by 1 million advertised vacancies since the end of the recession in June 2009. "Following the rapid HWOL rises in labor demand in the 4th quarter 2009 and 1st quarter 2010, labor demand has now settled into more modest growth, pointing to a moderate growth in employment through the end of 2010," she said.
In addition to the high demand for healthcare practitioners and technical workers, The Conference Board also reported high demand for management workers, and computer and mathematical science.