This data series provides timely monthly measures of labor demand (advertised vacancies) at the national, regional, state, and metropolitan area levels.
Online Labor Demand Increased in February
06 Mar. 2019
Online Labor Demand Increased in February
Solid Employment Growth to Continue in Coming Months
- In February, most states and MSAs experienced an increase in the number of online job ads
- In recent months, as oil prices declined, the growth in online job ads in most oil states was weaker than average
The Conference Board experimental Help Wanted OnLine (HWOL) Index increased in February. The Index now stands at 104.0 (July 2018=100), up from 103.7 in January.
“The HWOL index has been stable in recent months, despite the volatility in financial markets and business confidence. This is consistent with solid employment growth in the coming months,” said Gad Levanon, Chief Economist, North America, at The Conference Board. “With the partial government shutdown ending, US-China trade tensions diminishing, and the recovery in stock prices, the US economy is much less likely to experience a major slowdown in the first half of 2019. We expect a gradual moderation in economic employment growth during 2019. Recruitment activity is likely to remain high as labor turnover will further increase in a tightening labor market.”
Help Wanted OnLine® (HWOL) Index: United States, seasonally adjusted, February 2019
Sources: The Conference Board, Bureau of Labor Statistics
The release schedule, national historic table and technical note are available on The Conference Board website, http://www.conference-board.org/data/helpwantedonline.cfm. The underlying data for The Conference Board HWOL is collected by CEB, Inc.
© 2019 The Conference Board. All rights reserved.
HWOL available on Haver Analytics
A number of the key HWOL Data Series are exclusively available on Haver Analytics. The available HWOL Data Series include the geographic and occupational series for levels and rates for both Total Ads and New Ads. In addition to the seasonally adjusted series, many of the unadjusted series are also available. The geographic detail includes: U.S., 9 Regions, 50 States, 52 MSAs (largest metro areas). The occupational detail includes: U.S. (2-digit SOC), States (1-digit SOC) and MSAs (1-digit SOC).
For more information about the Help Wanted OnLine data series delivered via Haver Analytics, please email email@example.com or navigate to http://www.haver.com/contact.html. For HWOL data for detailed geographic areas and occupations not in the press release, please contact Jeanne.Shu@conference-board.org.
The Conference Board Experimental Help Wanted OnLine® (HWOL) Index measures changes over time in advertised online job vacancies, reflecting monthly trends in employment opportunities across the US. The HWOL Data Series aggregates the total number of ads available by month from the HWOL universe of online job ads. Ads in the HWOL universe are collected in real-time from over 28,000 different online job boards including traditional job boards, corporate boards, social media 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 July 2008), Help Wanted OnLine® measures help wanted advertising, i.e. labor demand. The HWOL Data Series began in May 2005 and was revised in December 2018 to reflect a new universe and methodology of online job advertisements and therefore cannot be used in conjunction with the pre-revised HWOL Data Series. With the December 2018 release, The Conference Board released the Experimental HWOL Index for the specific purpose of providing a robust time series for measuring changes in labor demand over time. It improves upon the HWOL Data Series’ ability to assess local labor market trends by reducing volatility and non-economic noise and improving correlation with local labor market conditions. Both the HWOL Data Series and the Experimental HWOL Index begin in January 2012.
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.
Additional information on the Bureau of Labor Statistics data used in this release can be found on the BLS website, www.bls.gov.
About The Conference Board
The Conference Board is a member-focused think tank that provides trusted insights for what’s ahead. We are a non-partisan, not-for-profit entity holding 501 (c) (3) tax-exempt status in the United States. https://www.conference-board.org/
About CEB, Inc.
CEB, Inc. is a leading supplier of real-time business intelligence solutions for the talent marketplace. Using technology to gather data from corporate career sites and online job boards, CEB, Inc. builds products to help our users make better human capital decisions faster. Users of our products include corporate human resources departments, market analysts and employment services firms as well as the federal, state and local labor market analysts that use HWOL. For more information, please visit: www.wantedanalytics.com.
Haver Analytics is the premier provider of time series data for the Global Strategy and Research community. Haver Analytics was founded in 1978 as a consulting firm and today provides the highest quality data and software for industry professionals. Haver provides products and services to clients in financial services, government, academia and various industry groups from consulting to manufacturing. From more information please see: http://www.haver.com/contact.html.
Release Dates for 2019
April 3, 2019
May 8, 2019
June 5, 2019
The next release is Wednesday, April 3 at 10 AM.
For further information contact:
1 212 339 0232
THESE DATA ARE FOR ANALYSIS PURPOSES ONLY. NOT FOR REDISTRIBUTION, PUBLISHING, DATABASING, OR PUBLIC POSTING WITHOUT EXPRESS WRITTEN PERMISSION.