In July there were 4,084,200 online advertised vacancies, a largely seasonal decline of 196,200 or 4.6 percent from the June level, according to The Conference Board Help-Wanted OnLine Data Series released today. Online advertised vacancies continue to be up substantially (20%) over the year (July’06-July’07). There were 2.65 advertised vacancies online for every 100 persons in the labor force in July.

“The monthly decline in July in large part reflects the July 4th holiday week when ad volume dropped,” said Gad Levanon, Economist at The Conference Board. “Online job demand is running well above last year’s level, indicating that the national labor market continues to hold up, but looking at The Conference Board Leading Economic Indicators, point to a little loss in momentum over the next few months. With the typical lagged response of the labor market, we may well see a moderation in national employment growth in the second half of the year while some of the hot local markets continue to show high ad rates and low unemployment.”

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