Tuesday, June 9, 2009
I featured this chart in a post about two months ago. It's taken from the Conference Board's monthly report that tracks online advertized job vacancies. As the blue line on this chart shows, labor demand actually increased in May, and clearly looks to have bottomed over the past several months. As before, this is an excellent leading indicator of improvement in the jobs market. It correctly forecast the lower-than-expected job losses reported for May, and suggests we will see more positive surprises in the months to come.
Posted by Scott Grannis at 1:08 PM