Online labor demand decreased 277K
- Online advertised vacancies decreased 276,800 to 5,407,700 in December
- 1.40 unemployed for each advertised vacancy
- Full release
The decline came after a +232K increase in November.
"Labor demand in 2015 continued at the same slow steady pace of 2014, averaging about a 24,000 monthly increase," said Gad Levanon, Managing Director of Macroeconomic and Labor Market Research at The Conference Board. "While labor demand growth has been somewhat slow over the past two years, the monthly employer demand levels have remained consistently high, providing a strong basis for a healthy labor market."
This is a low-tier indicator but might be a sign that the strength in the US jobs market in today's ADP report is a bit of an illusion.
