Online advertised vacancies gained 500 in Vermont but dipped slightly nationwide by 13,600 in October to 3,933,400, according to The Conference Board Help Wanted OnLine (HWOL) Data Series released today. The October drop follows a decline of 44,000 in September and a decrease of 164,000 in August. The Supply/Demand rate stands at 3.54, indicating there were 3.5 unemployed for every online advertised vacancy in September, the latest monthly data available for unemployment. “The good news is that labor demand did not deteriorate further in October, but at the same time we have no clear sign that demand is picking up,” said June Shelp, Vice President at The Conference Board. The drop of 513,000 in demand over the last seven months has largely offset the gain of 763,000 in early 2011 and narrowed the average monthly gain for 2011 to 25,000. In October, occupational categories that continued to decline in labor demand included both Legal and Management occupations. Office and administrative support occupations were brighter; they posted a gain of 47,000 over the last two months. (See occupational detail section.)REGIONAL AND STATE HIGHLIGHTSIn October:The Midwest and West dip while the Northeast and South hold steadyPennsylvania, among the 20 largest States, is flat while other States show an overall downward trendIn October, the Midwest dipped 14,500, reflecting losses in 5 out of 6 of its largest States. Minnesota was the only one of the larger states posting a gain (+2,500) in October. This was the first monthly gain for Minnesota since June 2011. Ohio and Michigan experienced declines of 3,900 and 3,100 respectively in October while advertised vacancies in Missouri were down 2,100. Illinois and Wisconsindropped 1,400 and 600 respectively, and both were states that have seen declines in advertised vacancies over the last few months. Among the less populous States in the region, Indiana and Iowa fell 1,900 and 1,300 respectively while North Dakota and South Dakota gained 500 and 200 respectively.Labor demand in the West was down slightly by 13,900 in October and was led by Washington State, which lost 9,300. California, the region’s largest State, rose 1,900 after a combined loss of 59,000 for the previous four months. Arizona remained virtually unchanged with a slight gain of 100. Colorado and Oregondeclined by 600 and 100, respectively. Over the past 5 months, Oregon has slipped by a total of 9,800. Among the small States in the West, Utah gained 500, New Mexico dropped 1,300, Idaho fell 500, andNevada lost 400.In October, the Northeast rose slightly by 13,600, reflecting gains in 3 of 4 of its large States. Pennsylvania experienced the largest increase, 6,200. New York gained 4,500 after a combined 6-month loss of 51,000. New Jersey rose 3,300, after two months of declines. Labor demand in Massachusettswas basically unchanged in October (-200). Over the last five months, advertised vacancies inMassachusetts have declined nearly 20,000. Among the smaller States in the region, Rhode Island, Vermont, and Connecticut gained 900, 500, and 200 respectively while New Hampshire dropped 500.The South also posted a modest increase of 4,700, reflecting slight gains in four out of six of its large States in October. Florida experienced the largest gain, 4,200. Next was Georgia with a gain of 2,700, partially offsetting a combined 4-month loss of 33,100. Texas gained 2,600, and North Carolina rose 1,600. Maryland dropped 2,800. Since May 2011, labor demand in Maryland has slipped by over 27,300.Virginia fell 1,000 for a combined 5-month drop of nearly 15,000. Among the smaller States in the South,Alabama dropped 1,300, Arkansas lost 1,000, and Oklahoma fell a mere 100 while Tennessee gained 1,000.The Supply/Demand rate for the U.S. in September (the latest month for which unemployment numbers are available) stood at 3.54, indicating that there are close to 4 unemployed workers for every online advertised vacancy. Nationally, there are 10 million more unemployed workers than advertised vacancies. The number of advertised vacancies exceeded the number of unemployed only in North Dakota, where the Supply/Demand rate was 0.89. States with the next lowest rates included South Dakota (1.46), Nebraska(1.52), Vermont (1.71), Alaska (1.78), and New Hampshire (1.95). The State with the highest Supply/Demand rate is Mississippi (7.73), where there are close to 8 unemployed workers for every online advertised vacancy. There are a few other States in which there are at least five unemployed for every advertised vacancy. These include South Carolina (5.17), California (5.08), Kentucky (5.01), and Alabama(5.00).It should be noted 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 (see Occupational Highlights section).OCCUPATIONAL HIGHLIGHTSIn October:Demand for Office and Administrative Support shows an upward bounceAds for Production workers and Sales staff level off following several months of declinesChanges for the Month of OctoberIn October, twelve of the twenty-two Standard Occupational Classifications (SOC codes) that are reported separately declined while nine posted some gains and one, Community and Social Services, was unchanged. For most of the occupational categories the October change, whether up or down, was modest. Among the top 10 occupation groups with the largest numbers of online advertised vacancies, demand forOffice and Administrative Support occupations rose 30,100 to 468,700. This followed a September rise of 17,000. Occupations that underwent increases in October included Receptionists and Information Clerks, Customer Service Representatives, and Executive Secretaries and Administrative Assistants. The number of unemployed in these occupations remains above the number of advertised vacancies with nearly 4 (3.81) unemployed for every advertised vacancy.Healthcare Practitioners and Technical occupations, in contrast, posted the largest decrease, 25,000, to 506,600. Largely responsible for the drop were decreased advertised vacancies for Registered Nurses and Family and General Practitioners. However, the number of advertised vacancies in this occupational category continues to outnumber job-seekers by 2.6 to one (0.38 S/D based on September data, the latest unemployment data available).Labor demand for Management workers also declined in October, down 6,000 to 371,800, led largely by a decrease in demand for Medical and Health Services Managers and Marketing Managers. Demand for workers in this occupational category has fallen 96,000 since May. There are close to 2 unemployed for every advertised vacancy in this occupational category (S/D of 1.91).Two occupations posting increases in October included Transportation and Material Moving and Sales and Related. Demand for Transportation and Material Moving workers rose 8,900 to 198,900. This increase was led by an increase in demand for Truck Drivers. The number of unemployed in this occupational category continues to outnumber the number of advertised vacancies by close to 6 to 1 (S/D of 5.58). Labor demand for Sales and Related workers rose 8,700 to 510,700. This increase, following a September drop of nearly 20,000, was led by an increase in demand for Retail Salespeople. The number of unemployed in this occupational category continues to outnumber the number of advertised vacancies by about 3 to 1 (S/D of 3.11).Longer View of Labor Demand for Selected Occupations”Looking at the 22 broad occupational categories over the ten months of 2011, the patterns for labor demand have been quite different, with some occupations easier to categorize in terms of their trend than others,” said Shelp. Construction and Extraction, for example, has had a very slow but relatively steady increase throughout 2011; it has risen an average of 2,000 a month to 76,600 in October. The demand for Legal occupations, on the other hand, after stalling in early 2010, has declined rather sharply in the last seven months; it has dropped an average of 946 ads/month to 21,200 advertised vacancies in October. Other occupations that have lost ground in the last few months and continue their slide in October include Architecture and Engineering; Healthcare Support; Management; Life, Physical and Social Sciences; Community and Social Services and Computer and Mathematical. “For other occupations, we will need another few months to tell if demand is stabilizing,” said Shelp. For example, demand for Production workers, (117,000 advertised vacancies in October) is closely in line with the September level; it declined only 247, which is a hopeful sign that demand is stabilizing. “The increased demand for Office and Administrative Support in the last two months (+47,000) is positive note,” adds Shelp, “but the monthly average throughout 2011, at 456,000/month, is a level that is 117,600 fewer ads per month than in 2007.” For the job-seeker, the difficulty of finding a job is a factor of the number of openings as well as the number of people seeking work in that profession. The broad occupational groups that can be termed “favorable,” where there are more advertised vacancies than unemployed people seeking positions, includeComputer and Math, Healthcare Practitioners and Technical, and Life, Physical and Social Sciences. Occupations where finding a position is more challenging and where there are more unemployed than advertised vacancies include Construction (18.9 unemployed for every available opening); Food Preparation and Serving (9.6); and Production Work and Personal Care, both with over 8 unemployed for every available opening. METRO AREA HIGHLIGHTSWashington, D.C., Oklahoma City, Boston, and Minneapolis-St. Paul have the lowest Supply/Demand ratesIn October, 38 of the 52 metropolitan areas for which data are reported separately posted over-the-year increases in the number of online advertised vacancies. Among the three metro areas with the largest numbers of advertised vacancies, the New York metro area was down 5,600, or 2.2 percent, from itsOctober 2010 level and the Washington, DC metro area was down 3,600, or 2.5 percent, from last year. In contrast, the Los Angeles metro area was up 2,900, or 1.9 percent, from last year’s level.The number of unemployed exceeded the number of advertised vacancies in all of the 52 metro areas for which information is reported separately. Washington, DC continues to have the most favorable Supply/Demand rate (1.30) with about one advertised vacancy for every unemployed worker. Oklahoma City, Boston, Minneapolis- St. Paul, and Honolulu were metropolitan locations where there were fewer than two unemployed looking for work for every advertised vacancy. On the other hand, metro areas in which the respective number of unemployed is substantially above the number of online advertised vacancies include Riverside, CA ‘ where there are nearly nine unemployed people for every advertised vacancy (8.94) ‘ Miami (5.84), Sacramento (5.14), Los Angeles (4.71), Detroit (4.67), and Las Vegas(4.63). Supply/Demand rate data are for August 2011, the latest month for which unemployment data for local areas are available.PROGRAM NOTESThe Conference Board Help Wanted OnLine ® Data Series measures the number of new, first-time online jobs and jobs reposted from the previous month on more than 1,200 major Internet job 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 October 2008 but continues to be available for research), the new online series is not a direct measure of job vacancies. The level of ads in print and online can change for reasons not related to overall job demand.With the December 1, 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 December 2009 release. This data series, for which the earliest data are for September 2005, continues to publish not seasonally adjusted data for 52 large metropolitan areas.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(link is external).The underlying online job listings data for this series is provided by Wanted Technologies Corporation. Additional information on the Bureau of Labor Statistics data used in this release can be found on the BLS website, www.bls.gov(link is external).The Conference BoardThe Conference Board is a global, independent business membership and research association working in the public interest. Our mission is unique: To provide the world’s leading organizations with 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 Technologies Corporation.WANTED is a leading supplier of real-time sales and business intelligence solutions for the media classified and recruitment industries. Using its proprietary On-Demand data mining, lead generation and CRM (Customer Relationship Management) integrated technologies, WANTED aggregates real-time data from thousands of online job sites, real estate and newspaper sites, as well as corporate websites on a daily basis. WANTED’s data is used to optimize sales and to implement marketing strategies within the classified ad departments of major media organizations, as well as by staffing firms, advertising agencies and human resources specialists. For more information, please visit: http://www.wantedtech.com(link is external). SOURCE The Conference Board 31-Oct-2011
by Tracy McCue, Sumner Newscow â€” Just like the NCAA basketball tournament, most contestants have been eliminated from competition in the Pig and Cow Tournament Bracket contest after week No. 2.There are just three entries left that could get the $200 supplied by the Pig Shack. And there are nine entries still in competition for the $50 and $25 Pig Shack Barbecue.Have you heard the saying: it’s not how you start but how you finish? Nothing rings more true than this contest. If you pick the national champion, you are getting 32 points which is equal to all the picks in the other rounds.Going into this weekend, Brian Lewellen, Erianne Adams and Courtney Wiens are still in the running for the top $200 prize. Yet all three of them could be out of the top three in the end if their teams don’t win (with the exception of Adams).There is also three top entries for each potential national champion, excluding Syracuse, that could win some prizes. Let’s do some analyzing:Â Total points after week #295 Â – Erianne Adams Â – National Championship pick: Oklahoma.91 – Brian Lewellen – National Championship pick: North Carolina.82 – Dillon Hay – National Championship pick: Oklahoma.82 – Austin Dunn- National Championship pick: North Carolina.79 – Courtney Wiens – National Championship pick: Villanova.78 – Tim Hay – National Championship pick: Villanova.78 – Macy Norris – National Championship pick: North Carolina.77- Melanie Cox – National Championship pick: Oklahoma.75- Casey Weir – National Championship pick: Villanova.Analysis:Adams wins $200 if: Oklahoma wins or Syracuse wins and Oklahoma qualifies for championship. Her Final Four includes: North Carolina over Michigan State, Oklahoma over Villanova in semifinals. Oklahoma over North Carolina in championship.Lewellen wins $200 if: North Carolina wins, or Syracuse wins and Villanova qualifies for championship. His Final Four include: Villanova over Oklahoma, North Carolina over Virginia. North Carolina over Villanova in championship.Wiens wins $200 if: Villanova wins. Her Final Four includes: Villanova over Oregon, North Carolina over Virginia in semifinals. Villanova over North Carolina in the championship.Second and third place potential winnings, is a plethora of combination too numerous to list here.Please note: IN CASE THERE IS A TIE, THE TIE WILL BE BROKEN WITH A DRAWING FROM A BOWL AT PIG SHACK INVOLVING AN OWNER OF THE PIG SHACK.