The Index now stands at 46, down from 47 in February and 67 a year ago.
Compared to the previous month, the proportion of labor markets where advertising for job vacancies has increased is stagnant at 43%, but significantly better than the 14% recorded a year earlier.
Over the first quarter, help-wanted advertising declined in seven regions and rose in two. The steepest declines occurred in:
- the West North Central, where help-wanted advertising was down by -13.3%
- West South Central, where it fell by -3.7%
- East South Central, where it dipped by -3.3%.
Increases occurred in:
- the East North Central, where help-wanted advertisements increased by 4.9%
- the Middle Atlantic region, where it was up by 1.2%.
The Conference Board surveys help-wanted advertising volume in 51 major newspapers across the country every month. Because ad volume has proven to be sensitive to labor market conditions, this measure provides a gauge of change in the local, regional and national supply of jobs, according to The Conference Board.