I’m not sure the implications of this information, but Inc.com reported that the sheer number of online ads has decreased from last month and last year.
The number of new jobs posted online in June was unchanged from May, marking the fourth straight month of year-over-year declines, the Conference Board reported this week.
Some 3.8 million job openings were advertised online last month, or about 2.5 vacancies for every 100 persons in the labor force, according to data compiled from 1,200 Web-based job boards. That’s down from 2.9 vacancies per 100 persons in May, and 11.2 percent below a year ago, the report said.
I’m not certain what data is used in compiling the number, but I have to think Craig’s List, LinkedIn and Facebook are having some effect on the overall numbers. Many niche boards are also sprouting up. Whatever the factors, the hiring pace has slowed down. Remember, hiring is a trailing indicator so the economy may be rebounding while the hiring numbers show decline.