Help-Wanted Index Falls Fifth Consecutive Month

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Help-Wanted Index Falls Fifth Consecutive Month

06-26-08
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Little wonder why consumer expectations are at an all-time low. Expect more of the same right through the summer and fall months.
Ken Goldstein, Labor Economist, The Conference Board

The Conference Board Help-Wanted-Index dipped one point in May. The Index is now at 17, down 10 points from one year ago.

In the last three months, help-wanted advertising declined in all nine U.S. regions, with steepest declines in the West North Central (-25.9%), Pacific (-24.7%) and East North Central (-19.0%) regions.

Says Ken Goldstein, Labor Economist at The Conference Board, "There's no sign that improvement is just around the corner. The number of jobs fell in each of the first five months of the year. A prolonged period of slow economic growth and small employment declines is feeding a sense of frustration. Little wonder why consumer expectations are at an all-time low. Expect more of the same right through the summer and fall months."

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