Help-Wanted Ads Decline

The recent economic downturn has employers cutting back on hiring plans, the Conference Board says.

By Angus Loten | 
 

The economic slowdown in recent months is prompting fewer employers to post help-wanted ads in newspapers and online, the Conference Board reported this week.

In the past three months, newspaper job ads have dropped across the nation, including an 18 percent decline in the Pacific region last month, the report said. At the same time, online job postings fell by 2.5 percent to 4.161 million.

"The latest reading on the consumer confidence index suggests people are beginning to fear for their job security and for the pace of wage growth," Ken Goldstein, the New York-based private research group's labor economist, said in a statement. He said the current slow pace of labor market will likely continue into the new year.

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