The employment situation in the United States remained virtually unchanged in April compared to March, according to a monthly survey released Sunday by the Conference Board.
The Help-Wanted Advertising Index, pegged at 100 in 1967, stood at 138 in April, down one point from March, said the Board, an independent organization, which conducts economic surveys on a worldwide basis."The good news is that help-wanted advertising was essentially no lower in April than it was in February, but that is also the bad news: Want-ad volume is not rising," said Ken Goldstein, an economist with the Board.
The reading of 138 in April was only slightly lower than 139 in March and 140 in February but represented a sharp decline compared with 159 a year ago.
The virtually unchanged index matched the trend reflected by the U.S. Bureau of Labor Statistics.