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U.S. markets recover from steep losses
NEW YORK, June 29 (UPI) -- Online job listings dropped by nearly 100,000 in June to 4,371,500, researchers at the Conference Board in New York said Wednesday.
Through 2011 so far, job opportunities listed online in the United States are forming a pattern of two steps forward followed by one step back, gains followed by "a pullback," the research group said.
Overall, "the pattern over the last few months is beginning to look like the very slow growth in labor demand in 2010," said Conference Board Vice President June Shelp.
Comparing numbers in June to pre-recession figures, the Conference Board said the number of online jobs advertisements has not changed much. But the number of job seekers has, essentially, doubled in the same time period.
Prior to the recession, there were 4.5 million jobs posted -- compared to 4.3 million in June. "However, in May there were just over 3 unemployed workers seeking jobs for each vacancy -- double the number of 1.5 unemployed for every advertised vacancy just prior to the recession," the research group said in a statement.
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