February 4th, 2009
Online job postings down 23% in December/January 2009
Online advertised vacancies declined 506,000 to 3,355,000 in January 2009, according to The Conference Board. The January 2009 loss, combined with a similar sharp drop of 507,000 in December 2008, results in a decline of over 1 mln advertised vacancies, or 23%, in the last two months. The highest Supply/Demand rate is in Michigan (6.45), or over 6 unemployed people for every advertised vacancy. Other states where there are over 4 unemployed for every advertised vacancy include Mississippi (5.04), Indiana (4.78), Kentucky (4.72), North Carolina (4.31), Georgia (4.24), Florida (4.20), South Carolina (4.05), and California (4.03)
