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Online Labor Demand Drops in Ohio, Nationwide
NEW YORK -- Online advertised vacancies fell 153,600 in July to 4,793,500, according to The Conference Board Help Wanted OnLine Data Series. In the Midwest, where online labor demand dropped by 42,200, Ohio experienced the largest decline at 9,300.
The overall drop follows a strong gain of 232,000 in June.
The Supply/Demand rate stands at 2.6 unemployed for every vacancy. In June, the number of unemployed was 7.8 million above the number of advertised vacancies compared to 10 million above in the fall of 2011. Nationally, there are 7.8 million more unemployed workers than advertised vacancies.
"Over the last three years labor demand continued to move forward, albeit slowly, making this a very slow-growth recovery and an indication of the lingering economic uncertainty of employers," said June Shelp, vice president at The Conference Board.
The average monthly increase for labor demand was 39,000 in 2010, up to 50,000 in 2011. In the first seven months of 2012, the increase is up to an average of 67,000 per month. Across the United States and across occupations, the picture is mixed, with some States and metro areas benefiting from strength in manufacturing and energy as well as the continuing demand in occupations like computers and math and healthcare. In addition, Sales occupations are up 126,000 thus far in 2012.
In July online labor demand declined in four out of five States in the U.S. States that posted increases included Florida (+5,600), Nevada (+1,700), Alabama (+1,100), Hawaii (+1,000), Colorado (+800), Rhode Island (+300), Minnesota (+300), and Idaho (+100). Two States, Arizona and Louisiana, remained the same.
Online labor demand in the Midwest dropped 42,200 in July. Ohio experienced the largest decline at 9,300. Even with the drop, however, the seven-month total for the year so far is a gain of 10.7%. Meanwhile, Minnesota posted a gain of 300. Other large states with July losses included Illinois, down 6,600 for a year-to-date gain of 24,100, or 15.2%; Missouri, down 4,600; Wisconsin, down 4,300; and Michigan, down 700. Among the smaller Midwest States, Indiana lost 4,100, South Dakota lost 2,200, and Kansas and North Dakota both fell by 1,200.
Demand in the Northeast fell 11,700 in July. New Jersey dropped 4,400 for a cumulative gain of 11,500, or 8% ,so far this year. New York fell 2,800 in July for a cumulative gain of 33,800, or 13.4% year to date. Pennsylvania lost 2,500, and Massachusetts fell 1,800. Among the smaller states in the Northeast, labor demand decreased by 1,000 in Maine, 900 in New Hampshire, and 700 in Connecticut and increased by 300 in Rhode Island.
Online labor demand in the South fell 20,200 in July with Florida posting the only increase (+5,600) among the large States. Texas, the largest State in the region, declined 4,800 for a combined increase of 45,100, or 14.6% in the first seven months of 2012. Georgia lost 2,400 for a seven-month increase of 12,600, or 10.8%. Virginia dropped 2,000 while Maryland lost 1,300 and North Carolina fell 300. Among the smaller States in the South, Tennessee fell 3,600, Arkansas dropped 2,500, South Carolina lost 2,200, and Louisiana was unchanged.
In the West, online labor demand fell 18,800. California, the largest State, dropped 9,200 in July but was up 64,800, or 14% ,in the first seven months. Washington dropped 2,400 in July and was up 14,100, or 13.6% so far this year. Colorado gained 800, and Arizona remained constant. Among the smaller States in the region, Nevada increased by 1,700, Oregon dropped 2,100, and Utah fell 700.
A number of the largest metro areas have shown strength in online advertised vacancies since the official end of the recession in June 2009. Eleven have posted increases of over 100%: Minneapolis-St. Paul (up 147%), Detroit (up 143%), Cleveland (up 136%), Milwaukee (up 124%), San Jose (up 117%), Columbus (up 114%), Nashville (up 113%), Louisville (up 112%), Indianapolis (up 109%), Charlotte (up 106%), and Denver (up 105%).
Published by The Business Journal, Youngstown, Ohio.