Thursday, September 6, 2012

Help not wanted: U.S. online job ads see biggest two-month decline since recession

Well one could make this out to positive news, but unfortunately unemployment statistics don't support the evidence found, so that the only conclusion that one can draw is that hiring has receded further

U.S.job seekers saw online job ads dwindle this summer, according to a survey from The Conference Board. Advertised vacancies fell 108,700 in August to 4,684,800, the industry group said.

Jonathan Basile at Credit Suisse noted that the combined drop of 262,000 jobs for July and August was the biggest two-month decline since the last recession