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NEW YORK (Reuters) - An index measuring the number of jobs
offered across the United States edged higher in April but
suggested that the economic recovery lacks the momentum needed
to generate new jobs, a report on Thursday showed.
The New York-based Conference Board said its Help Wanted
Advertising Index rose to 47 in April from 46 in March. But the
index was down sharply from readings of 72 in February 2001 and
65 only a year ago.
"Job advertising has been essentially unchanged since
November," said Ken Goldstein, an economist at the Conference
Board. "The economic recovery is not yet strong enough to
produce new jobs."
Earlier in the day, the Labor Department reported that new
jobless claims slipped to 410,000 last week, but the number of
continuing claims rose, indicating that the nation's unemployed
are staying jobless.
Weekly new jobless claims have dropped sharply from peaks
above 500,000 after the Sept. 11 attacks, to levels that
indicate large layoffs have eased. But in recent weeks new
claims have hovered above the 400,000 level, suggesting tame
job growth.
The Conference Board surveys 51 major newspapers across the
country on their patterns of help-wanted ads every month
offered across the United States edged higher in April but
suggested that the economic recovery lacks the momentum needed
to generate new jobs, a report on Thursday showed.
The New York-based Conference Board said its Help Wanted
Advertising Index rose to 47 in April from 46 in March. But the
index was down sharply from readings of 72 in February 2001 and
65 only a year ago.
"Job advertising has been essentially unchanged since
November," said Ken Goldstein, an economist at the Conference
Board. "The economic recovery is not yet strong enough to
produce new jobs."
Earlier in the day, the Labor Department reported that new
jobless claims slipped to 410,000 last week, but the number of
continuing claims rose, indicating that the nation's unemployed
are staying jobless.
Weekly new jobless claims have dropped sharply from peaks
above 500,000 after the Sept. 11 attacks, to levels that
indicate large layoffs have eased. But in recent weeks new
claims have hovered above the 400,000 level, suggesting tame
job growth.
The Conference Board surveys 51 major newspapers across the
country on their patterns of help-wanted ads every month