Wednesday, September 29, 2010
This chart comes from The Conference Board, and it shows the relationship between the level of employment (red line) and an index of online help-wanted ads (blue line). Over the relatively short sample period available, ads seem to do a good job of leading employment, which in turn suggests that we should be seeing further job gains in the months ahead.
HT: Mark Perry, who notes that "the 4,296,100 job vacancies in September were the highest level since November 2008, almost two years ago." This is a fairly impressive and positive sign in my view.
Posted by Scott Grannis at 8:33 AM