Report: Online Labor Demand Rises in April

New York — April 30

Online advertised vacancies rose 90,900 in April to 4.7 million, according to the Conference Board Help Wanted OnLine (HWOL) Data Series.

The April rise is the fifth consecutive monthly rise and has led to the series’ highest level to date. The supply/demand rate stands at 2.7 unemployed for every vacancy, and the number of unemployed was 8 million above the number of advertised vacancies.

In April, southern states gained 35,800 advertised vacancies, with gains in all six of the largest states in the region.

Four states — Maryland, Texas, North Carolina and Virginia — were at their highest levels since the HWOL series began. Maryland experienced the largest April gain, 10,800, for a combined three-month gain of 20,400. Texas was up 1,900 for a gain of 21,500 during the last three months, and North Carolina gained 4,600 in April, while Virginia was up 100.

Georgia was up 4,100 in April. Florida rose 6,900 for a three-month gain of 15,800. Among the less populous states in the region, Tennessee gained 2,300, Louisiana gained 700 and South Carolina gained 400, while Arkansas dropped 1,600.

In the Midwest, labor demand increased 35,500 in April. Five of the largest states — Ohio, Minnesota,Michigan, Missouri and Wisconsin — are at their highest levels since the HWOL series began.

Ohio experienced the largest gain, 7,000, to 188,900 advertised vacancies. Ohio is up 20,600 during the past three months with Cleveland and Columbus up 5,800 and 4,800, respectively. Minnesota rose 5,800 while Michigan gained 5,700, and both states were at their series highs.

Illinois gained 3,700. Wisconsin rose 3,500 to its highest level. Missouri was up 200 and is also at its highest level.

Among the less populous states in the region, North Dakota rose 5,600, Indiana gained 2,400 and Kansas and South Dakota each rose 400.

Labor demand in April in the Northeast rose 6,100. Pennsylvania was up 2,600 to its highest level at 190,000 advertised vacancies. New York rose 6,100 in April and was up 18,300 during the past three months, with Rochester up 12 percent, Buffalo up 10.6 percent, and the New York metro area up 5 percent.

New Jersey rose 4,500 for a combined three-month gain of 14,300. Massachusetts rose 400. Among the smaller states in the Northeast, the number of advertised vacancies in Connecticut fell by 2,600.

New Hampshire gained 1,800 in April, Rhode Island gained 1,100 and Maine rose 500.

The western portion of the country posted the smallest gain, 1,200, in April.

Labor demand in Washington, however, was up 2,700 to its highest level of 115,200. California lost 10,500 vacancies due to losses in all six of its largest metropolitan areas, which largely offset the gains from other states in the region.

Arizona and Colorado gained 3,100 and 2,200, respectively. Among the less populous states in the region, Oregon rose 1,700, Nevada rose 1,500 and Utah rose 600.

The supply/demand rate for the U.S. in March — the latest month for which the national unemployment number is available — stood at 2.71, indicating that there are slightly less than three unemployed workers for every online advertised vacancy.

Nationally, there are 8 million more unemployed workers than advertised vacancies.

Source: the Conference Board