Online labor demand rises in latest survey
The Conference Board− Lightcast Help Wanted Online® Index rose in March 2024 to 151.4, up from a downwardly revised 145.9 in January, the organization’s latest report shows.
The 1.4 percent increase between March and February followed a 0.1 percent increase between February and January.
Overall, the Index is down 7.8 percent from one year ago, the organization detailed in an April 10 news release.
The index measures the change in advertised online job vacancies over time, reflecting monthly trends in employment opportunities across the U.S.
The Help Wanted Online® Index is produced in collaboration with Lightcast, the global leader in real-time labor market data and analysis.
This collaboration enhances the Help Wanted Online® program by providing additional insights into important labor market trends.
Beginning January 2020, the HWOL Index was refined as an estimate of change in job openings, using a series of econometric models which incorporate job ads with other macroeconomic indicators such as employment and aggregate hours worked.
By adopting a modeled approach which combines other data sources with data on online job ads, the HWOL Index more accurately tracks important movements in the labor market.
The Conference Boardlightcast Help Wanted Online® (HWOL) Index measures changes over time in advertised online job vacancies, reflecting monthly trends in employment opportunities across the U.S.
Ads in the index are collected in real-time from over 50,000 online job domains including traditional job boards, corporate boards, social media sites, and smaller job sites that serve niche markets and smaller geographic areas.
The Conference Board is the member-driven non-partisan think tank founded in 1916.