For further information: Frank Tortorici (212) Gad Levanon (212) For Immediate Release June Shelp (212)

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1 News Release For further information: Frank Tortorici (212) Gad Levanon (212) For Immediate Release June Shelp (212) Advertised Job Vacancies Increase in October, The Conference Board Reports Today Help Wanted OnLine Data Series is now one of the earliest released economic indictors for the month State and occupational detail available for the first time Labor demand rises in the majority of States and across most major metropolitan areas Job demand is strongest in Management and Health Care October 30, 2006 Total online job ads increased by 198,300 or 5 percent to 3,831,100 in October, according to The Conference Board Help-Wanted OnLine Data Series released today. The monthly increase reflects growth in advertised job vacancies in 44 of the 50 states and was widespread across most major metropolitan areas. Over the year, online advertised vacancies increased 26% for the nation as a whole. The number of online job ads increased in October, compared with a decline in September - October last year, said Gad Levanon, Economist at The Conference Board. In addition, the year over year growth rate climbed 26 percent, up from percent during the last few months. The demand for jobs is more positive now than it has been in recent months. The Conference Board is introducing its newly redesigned Help Wanted Online Data Series (HWOL) with the release of the October 2006 data. The HWOL program is now one of the earliest released economic indicators for the previous month. Geographic coverage has been expanded and now provides detailed monthly data on labor demand (vacancies) for the U.S., the 9 Census regions, the 50 States, and 52 of the largest metro areas. Information for Total Ads has been introduced along with the already existing New Ads data. Economic analysis in the release has been broadened to include both labor supply (unemployment) and labor demand (vacancies); in addition, the program has been expanded to include geographic occupational detail on labor demand along with occupational pay levels. Detailed information on this series is available in the technical notes to this series on The Conference Board web site The upcoming schedule of monthly releases is listed in this release as well as the technical notes on the web site. The underlying data for The Conference Board HWOL are provided by Wanted Technologies, Inc. Financial support for this series is provided by CareerBuilder.com.

2 The National Picture Total unduplicated online advertised job vacancies in October include 2,525,700 new ads that did not appear in September, as well as reposted ads from the previous month. During October, both total ads rose 5 percent and new ads rose 6 percent. Over the year (October 05 October 06) total ads and new ads rose 26 percent and 28 percent, respectively. The monthly increase of 198,300 in total ads reflects increased postings in 44 states. This more than offsets modest dips in 5 states. In one state (Connecticut) the number of advertised vacancies remained virtually unchanged. Monthly gains were greatest in the West South Central, South Atlantic and Mountain regions, and included increases in some of the largest states, such as California (+35,200), Texas (+24,300), Florida (+20,500), New York (+17,100), and Illinois (+11,500). Major metropolitan areas contributing to these gains were New York City (+17,700), Los Angeles (+8,700), and Chicago (+7,600). Washington, D.C. posted an increase of 12,700 ads over the month. Modest declines in advertised vacancies over the month were reported in Massachusetts (-2,600), which includes Boston (-1,700); Alabama (-1,700), with Birmingham (-600) and South Dakota (-1,200). Over the year, the states with the largest gains in advertised vacancies were Oklahoma (+68%), Maine (+67%), Texas (+58%) and Minnesota (+53%). Metropolitan areas with the fastest October-October growth were in areas hard hit by the 2005 Gulf Coast hurricanes and included New Orleans (+242%), Oklahoma City (+115%), Houston (+89%), and Austin (+77%). The metro areas with the slowest growth include Honolulu (4%), Birmingham (11%), Tampa (16%), and Nashville (16%). CALIFORNIA & MASSACHUSETTS LEAD THE WAY California leads the next largest state by over 2 to 1 in total advertised vacancies Massachusetts has more than 5 advertised vacancies for every 100 persons in the labor force, the highest rate in the nation Wyoming, Utah, Nevada are among the states where advertised job vacancies outnumber the number of unemployed workers. 2

3 Online advertised vacancies in California, the state with the largest labor force in the nation, totaled 658,400 in October. The volume of online advertised vacancies in California was significantly above the next highest states, Texas (277,600), New York (268,800), Florida (261,400) and Illinois (178,700). Top 10 States by Most Ads Total Ads 1 (Thousands) California Texas New York Florida Illinois Massachusetts Pennsylvania New Jersey Virginia Washington Source: The Conference Board - All rights reserved. 1. Total ads are all unduplicated ads appearing during the reference period. Massachusetts, with 170,100 advertised vacancies, posted 5.05 vacancies for every 100 persons in the state labor force, the highest rate of any state in the nation. Nevada (4.73), Rhode Island (4.65) and Alaska (4.15) were the next highest in the number of advertised vacancies when adjusted for the size of the state labor force. Top 10 States by Highest Ads Rates Total Ads Rate 1 (Percent) Massachusetts 5.05 Nevada 4.73 Rhode Island 4.65 Alaska 4.15 Washington 3.99 Oregon 3.93 Connecticut 3.87 Delaware 3.76 Arizona 3.74 Virginia 3.74 Source: The Conference Board - All rights reserved. 1. Ad rates represent the number of ads per 100 persons in the civilian labor force. 3

4 New with the October data is a labor supply/demand rate for state and metropolitan areas, said Mr. Levanon. Looking at the number of unemployed in relation to the number of advertised vacancies provides an indication of available job opportunities for the unemployed. Using the latest unemployment data available from the Federal Bureau of Labor Statistics (BLS), the states with lowest rates (unemployed/advertised vacancies) and thus, less than one unemployed person for every ad included Wyoming (0.86), Virginia (0.90), Utah (0.92), Nevada (0.93), and Rhode Island (0.97), Massachusetts (0.98) and North Dakota (0.99). States where the number of unemployed significantly exceeded the level of advertised demand included Mississippi (5.6), Michigan (4.8), Indiana (3.6) and Arkansas (3.4). Top 10 States by Lowest S/D Rates Supply/Demand Rate 1 Wyoming 0.86 Virginia 0.90 Utah 0.92 Nevada 0.93 Rhode Island 0.97 Massachusetts 0.98 North Dakota 0.99 South Dakota 1.01 Delaware 1.02 Montana 1.07 Source: The Conference Board - All rights reserved. 1. Supply/Demand rate is Unemployed divided by total ads. MANAGEMENT & HEALTH CARE JOBS TOP LIST In October, the occupations with the most advertised online vacancies nationally were Management (407,600), Healthcare Practitioners (312,000), followed by Business and Finance (287,500). These jobs are not only the most in demand but also some of top paying occupations, said Mr. Levanon. 4

5 U.S. Top Ten Demand Occupations and Pay Levels Total Ads Average Occupation (Thousands) Hr. Wage Management $42.52 Healthcare practitioner and technical $28.45 Business and financial operations $27.85 Office and administrative support $14.28 Computer and mathematical $32.26 Sales and related $15.77 Architecture and engineering $30.73 Production 71.1 $14.37 Transportation and material moving 61.7 $13.85 Installation, maintenance, and repair 57.5 $18.30 Source: The Conference Board - All rights reserved. As you might expect, the largest states and cities have the highest number of advertised vacancies in some of these top occupational categories, Mr. Levanon noted. California (64,600), Texas (34,000) and New York (33,400) were the top states in the number of advertised vacancies for managers. New York City (30,000), Los Angeles (20,100) and Washington, D.C. (19,600) were the top metropolitan areas for management ads. But there is interesting activity in some of the smaller states as well, Levanon commented. Fully one-quarter of the online ads in Rhode Island were for management occupations, the highest rate in the country. State and MSA Ranked by Most Ads for Management State Total Ads (Thousands) Average Hr. Wage MSA Total Ads (Thousands) Average Hr. Wage California 64.4 $47.60 New York, NY 30.0 $55.74 Texas 34.0 $40.88 Los Angeles, CA 20.1 $47.66 New York 33.4 $51.72 Washington, DC 19.6 $48.83 Pennsylvania 27.3 $39.85 San Francisco, CA 15.1 $51.37 Florida 23.2 $43.58 Chicago, IL 14.2 $42.85 Illinois 22.1 $41.03 Boston, MA 12.5 $49.93 Virginia 18.3 $46.44 Philadelphia, PA 9.9 $46.04 Massachusetts 17.9 $47.88 Dallas, TX 9.2 $44.69 New Jersey 17.2 $52.85 Atlanta, GA 8.8 $44.36 Georgia 13.2 $41.63 Seattle-Tacoma, WA 8.1 $52.39 Source: The Conference Board - All rights reserved. 5

6 SAN JOSE, SAN FRANCISCO LEAD MAJOR METRO AREAS California metro areas San Jose and San Francisco have the highest job advertising rates, adjusted by the size of the labor force The number of advertised job vacancies exceeds the number of unemployed in Washington, D.C., San Diego, Boston, Salt Lake City, and Tampa The top 10 areas where the number of unemployed was less than the number of advertised vacancies includes a wide range of areas across the nation - Washington, DC, San Diego, Boston, San Francisco, Seattle, Phoenix, San Jose, Las Vegas, Tampa, and Salt Lake City. MSA Ranked by Most Ads, Highest Rates and Lowest S/D Rates Total Ads (Thousands) Total Ads Rate (Percent) Supply/Demand Rate New York, NY San Jose, CA 6.17 Washington, DC 0.67 Los Angeles, CA San Francisco, CA 5.76 San Diego, CA 0.78 Washington, DC Boston, MA 5.55 San Francisco, CA 0.80 Chicago, IL Seattle-Tacoma, WA 5.51 Seattle-Tacoma, WA 0.81 Boston, MA San Diego, CA 5.49 Boston, MA 0.82 San Francisco, CA Washington, DC 5.44 Phoenix, AZ 0.84 Seattle-Tacoma, WA 98.4 Milwaukee, WI 4.70 San Jose, CA 0.84 Philadelphia, PA 93.2 Las Vegas, NV 4.67 Salt Lake City, UT 0.91 Dallas, TX 92.6 Portland, OR 4.66 Tampa, FL 0.92 Miami, FL 86.0 Austin, TX 4.56 Minneapolis-St. Paul, MN 0.96 Source: The Conference Board - All rights reserved. Two of the nation s largest metropolitan areas, New York and Los Angeles, were first and second in the number of advertised job vacancies in October, with 266,200 and 234,000, respectively. The top two metro areas in terms of advertised vacancies per 100 persons in the local labor force were San Jose (6.17) and San Francisco (5.76), followed by Boston (5.55) and Seattle-Tacoma (5.51). Note: The Help Wanted Online Data Series is a new developmental program with research and evaluation studies ongoing in a number of areas. The comparisons in the attached tables between total ads and total unemployed at the various geographic levels are overall counts and it cannot be inferred that the detailed occupation or geographic location of 6

7 the unemployed matches the occupation or geographic location of the vacancy. Additionally, there may be differences in the way the unemployed person describes their occupation versus the way an employer may describe the same job. The Conference Board welcomes interested user feedback on this important new data set but also urges users to use caution in the analysis and interpretation of the data. Publication Schedule, Help Wanted Online Data Series Data for the Release Date Data for the Month Release Date (Mon.) Nov'06 December 4, 2006 Jun'07 July 2, 2007 Dec'06 January 3, 2007 Jul'07 July 30, 2007 Jan'07 January 31, 2007** Aug'07 September 5, 2007** Feb'07 March 5, 2007 Sep'07 October 1, 2007 Mar'07 April 2, 2007 Oct'07 October 31, 2007** Apr'07 April 30, 2007 Nov'07 December 3, 2007 May'07 May 30, 2007** ** Wednesday release due to holidays or data availability. 7

8 PROGRAM NOTES THE NEW ONLINE JOB SERIES The Conference Board Help-Wanted Online Data Series measures the number of new, firsttime online jobs posted on more than 1,200 major Internet job boards and smaller job boards that serve niche markets and smaller geographic areas. Like The Conference Board s long running Help-Wanted Advertising Index of print ads (which has been published since 1951), the new online series is not a direct measure of job vacancies. The level of ads in both print and online may change for reasons not related to overall job demand. The Conference Board, as a standard practice with new data series, considers the estimates in The Conference Board Help-Wanted OnLine Data Series to be developmental. As a not-forprofit business research organization, The Conference Board is publishing the early years of this series for use by the media, analysts, researchers and the business community. Persons using this data are urged to review the information on the database and methodology available on our website and contact the economists listed at the top of this release with questions and comments. Background information and technical notes on this new series are available at: The underlying data for this series is provided by Wanted Technologies, Inc. CareerBuilder.com provides financial support for the series. Additional information on the Bureau of Labor Statistics data used in this release can be found on the BLS website, THE CONFERENCE BOARD Non-partisan and not-for-profit, The Conference Board is the world s leading business membership and research organization. The Conference Board produces The Consumer Confidence Index and the Leading Economic Indicators for the U.S. and other major nations. These barometers can have a major impact on the financial markets. The Conference Board also produces a wide range of authoritative reports on corporate governance and ethics, human resources and diversity, executive compensation and corporate citizenship. Our conference and council programs bring together more than 10,000 senior executives each year to share insights and learn from each other. Visit The Conference Board s award-winning website at CareerBuilder.com CareerBuilder.com is the nation s largest online job site with more than 20 million unique visitors and over 1 million jobs. The company offers a vast online and print network to help job seekers connect with employers. CareerBuilder.com powers the career centers for more than 550 partners that include 165 newspapers and leading portals such as MSN and America Online. For more information about CareerBuilder.com products and services, visit WANTED Technologies Inc. Founded in 1997, WANTED Technologies Inc. is a leading provider of real-time sales and business intelligence. Through its proprietary data mining and aggregation technology, WANTED delivers concise, accurate and actionable data, aimed at helping to increase sales and profitability for its clientele throughout North America. WANTED was recently bestowed the Model of Excellence Award by the InfoCommerce Group in recognition of online business innovation. For more information, visit 8

9 Table 1: National/Regional Total Ads and New Ads (Levels), Not Seasonally Adjusted Total Ads 1 Percent New Ads 2 Percent (Thousands) Change (Thousands) Change OTY OTY Location 3 Oct-05 Sep-06 Oct-06 Oct Oct-05 Sep-06 Oct-06 Oct United States 3, , , % 1, , , % New England % % Middle Atlantic % % South Atlantic % % East North Central % % East South Central % % West North Central % % West South Central % % Mountain % % Pacific % % Source: The Conference Board 1. Total ads are all unduplicated ads appearing during the reference period. This figure includes ads from the previous month that have been reposted as well as new ads. Total ads appear only once per defined geographic area. 2. New ads are all unduplicated ads which did not appear during the previous reference period. An online help wanted ad is counted as "New" only in the month it first appears and only once per defined geographic area. 3. Regions are as defined by the U.S. Census Bureau. Table 2: National/Regional Total Ads and New Ads (Rates), Not Seasonally Adjusted Total Ads Rate 1 New Ads Rate 1 (Percent) (Percent) Location 2 Oct-05 Sep-06 Oct-06 Oct-05 Sep-06 Oct-06 United States New England Middle Atlantic South Atlantic East North Central East South Central West North Central West South Central Mountain Pacific Source: The Conference Board 1. Ad rates are calculated as a percent of the most currently available BLS civilian labor force data. Ad rates represent the number of ads per 100 participants in the civilian labor force. 2. Regions are as defined by the U.S. Census Bureau The Conference Board. All rights reserved. 9

10 Table 3: State Total Ads and New Ads (Levels), Not Seasonally Adjusted Total Ads 1 Percent New Ads 2 Percent (Thousands) Change (Thousands) Change OTY OTY Location Oct-05 Sep-06 Oct-06 Oct Oct-05 Sep-06 Oct-06 Oct United States 3, , , % 1, , , % Alabama % % Alaska % % Arizona % % Arkansas % % California % % Colorado % % Connecticut % % Delaware % % Florida % % Georgia % % Hawaii % % Idaho % % Illinois % % Indiana % % Iowa % % Kansas % % Kentucky % % Louisiana % % Maine % % Maryland % % Massachusetts % % Michigan % % Minnesota % % Mississippi % % Missouri % % Montana % % Nebraska % % Nevada % % New Hampshire % % New Jersey % % New Mexico % % New York % % North Carolina % % North Dakota % % Ohio % % Oklahoma % % Oregon % % Pennsylvania % % Rhode Island % % South Carolina % % South Dakota % % Tennessee % % Texas % % Utah % % Vermont % % Virginia % % Washington % % West Virginia % % Wisconsin % % Wyoming % % Source: The Conference Board 1. Total ads are all unduplicated ads appearing during the reference period. This figure includes ads from the previous month that have been reposted as well as new ads. Total ads appear only once per defined geographic area. 2. New ads are all unduplicated ads which did not appear during the previous reference period. An online help wanted ad is counted as "New" only in the month it first appears and only once per defined geographic area The Conference Board. All rights reserved. 10

11 Table 4: MSA Total Ads and New Ads (Levels), Not Seasonally Adjusted Total Ads 1 Percent New Ads 2 (Thousands) Change (Thousands) Percent Change Location 3 Oct-05 Sep-06 Oct-06 Oct Oct-05 Sep-06 Oct-06 Oct Birmingham, AL % % Phoenix, AZ % % Tucson, AZ % % Los Angeles, CA % % Riverside, CA % % Sacramento, CA % % San Diego, CA % % San Francisco, CA % % San Jose, CA % % Denver, CO % % Hartford, CT % % Washington, DC % % Jacksonville, FL % % Miami, FL % % Orlando, FL % % Tampa, FL % % Atlanta, GA % % Honolulu, HI % % Chicago, IL % % Indianapolis, IN % % Louisville, KY % % New Orleans, LA % % Baltimore, MD % % Boston, MA % % Detroit, MI % % Minneapolis-St. Paul, MN % % Kansas City, MO % % St. Louis, MO % % Las Vegas, NV % % Buffalo, NY % % New York, NY % % Rochester, NY % % Charlotte, NC % % Cincinnati, OH % % Cleveland, OH % % Columbus, OH % % Oklahoma City, OK % % Portland, OR % % Philadelphia, PA % % Pittsburgh, PA % % Providence, RI % % Memphis, TN % % Nashville, TN % % Austin, TX % % Dallas, TX % % Houston, TX % % San Antonio, TX % % Salt Lake City, UT % % Richmond, VA % % Virginia Beach, VA % % Seattle-Tacoma, WA % % Milwaukee, WI % % Source: The Conference Board 1. Total ads are all unduplicated ads appearing during the reference period. This figure includes ads from the previous month that have been reposted as well as new ads. Total ads appear only once per defined geographic area. 2. New ads are all unduplicated ads which did not appear during the previous reference period. An online help wanted ad is counted as "New" only in the month it first appears and only once per defined geographic area. 3. Metropolitan areas use the 2005 OMB county-based MSA definitions The Conference Board. All rights reserved. 11

12 Table 5: State Labor Supply/Labor Demand Indicators Total Ads Rate 1 Unemployment Unemployed Total Ads Supply/ (Percent) Rate 2 (Thousands) (Thousands) Demand Rate 3 Location Oct-05 Sep-06 Oct-06 Sep-06 Sep-06 Sep-06 Sep-06 United States , , Alabama Alaska Arizona Arkansas California Colorado Connecticut Delaware Florida Georgia Hawaii Idaho Illinois Indiana Iowa Kansas Kentucky Louisiana Maine Maryland Massachusetts Michigan Minnesota Mississippi Missouri Montana Nebraska Nevada New Hampshire New Jersey New Mexico New York North Carolina North Dakota Ohio Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas Utah Vermont Virginia Washington West Virginia Wisconsin Wyoming Source: The Conference Board 1. Total ads rate is calculated as a percent of the most currently available BLS civilian labor force data. Ad rates represent the number of ads per 100 persons in the civilian labor force. 2. Unemployment data are from the Bureau of Labor Statistics Current Population Statistics and Local Area Unemployment Statistics programs. 3. Supply/Demand rate is Unemployed divided by the number of total ads for the designated month The Conference Board. All rights reserved. 12

13 Table 6: MSA Labor Supply /Labor Demand Indicators Total Ads Rate 1 Unemployment Unemployed Total Ads Supply/ (Percent) Rate 2 (Thousands) (Thousands) Demand Rate 3 Location 4 Oct-05 Sep-06 Oct-06 Aug-06 Aug-06 Aug-06 Aug-06 Birmingham, AL Phoenix, AZ Tucson, AZ Los Angeles, CA Riverside, CA Sacramento, CA San Diego, CA San Francisco, CA San Jose, CA Denver, CO Hartford, CT Washington, DC Jacksonville, FL Miami, FL Orlando, FL Tampa, FL Atlanta, GA Honolulu, HI Chicago, IL Indianapolis, IN Louisville, KY New Orleans, LA Baltimore, MD Boston, MA Detroit, MI Minneapolis-St. Paul, MN Kansas City, MO St. Louis, MO Las Vegas, NV Buffalo, NY New York, NY Rochester, NY Charlotte, NC Cincinnati, OH Cleveland, OH Columbus, OH Oklahoma City, OK Portland, OR Philadelphia, PA Pittsburgh, PA Providence, RI Memphis, TN Nashville, TN Austin, TX Dallas, TX Houston, TX San Antonio, TX Salt Lake City, UT Richmond, VA Virginia Beach, VA Seattle-Tacoma, WA Milwaukee, WI Source: The Conference Board 1. Total ads rate is calculated as a percent of the most currently available Bureau of Labor Statistics civilian labor force data. 2. Unemployment data are from the Bureau of Labor Statistics CPS and LAUS programs. 3. Supply/Demand rate is Unemployed divided by the number of total ads for the designated month. 4. The Conference Board uses the OMB county-based MSA definitions for its data whereas the Bureau of Labor Statistics uses the OMB alternative NECTA (New England City and Town Areas) MSA definition. This will result in small comparison differences for some metropolitan areas in New England states The Conference Board. All rights reserved. 13

14 Unemployed 3 Total Ads Table 7: National Labor Supply/Labor Demand by Occupation 2 (Thousands) (Thousands) Average Occupation 1 Oct-05 Sep-06 Oct-06 Sep-06 Hr. Wage 4 Total 3, , , ,625 $18.21 Management $42.52 Business and financial operations $27.85 Computer and mathematical $32.26 Architecture and engineering $30.73 Life, physical, and social science $27.90 Community and social services $18.04 Legal $38.98 Education, training, and library $20.89 Arts, design, entertainment, sports, and media $21.30 Healthcare practitioner and technical $28.45 Healthcare support $11.47 Protective service $17.19 Food preparation and serving related $8.58 Building and grounds cleaning and maintenance $10.55 Personal care and service $10.67 Sales and related $15.77 Office and administrative support $14.28 Farming, fishing, and forestry $10.10 Construction and extraction $18.39 Installation, maintenance, and repair $18.30 Production $14.37 Transportation and material moving $13.85 Source: The Conference Board 1. Occupational categories use the 2000 OMB Standard Occupational Classification system (SOC definitions). 2. Occupational coding of ads is being improved on a continuous basis. Approximately 62% of all ads for the most recent month have been assigned SOC occupational codes. Coding improvements have an impact on measures of change from one time period to another and The Conference Board cautions against using occupational change measures from the HWOL program until the improvement process is substantially completed. 3. Unemployment data are from the Bureau of Labor Statistics Current Population Statistics program. 4. Wage data are from the BLS Occupational Employment Statistics (OES) program's May 2005 estimates. 5. The large change in Management occupations between September and October 2006 reflects in part revisions to occupational classifications The Conference Board. All rights reserved. 14

15 Table 8: State Occupational Demand and Pay Management and Business/Financial 1 Professional & Related Service Total Ads Total Ads Total Ads Average Average Average Location Oct-06 Hr. Wage 2 Oct-06 Hr. Wage 2 Oct-06 Hr. Wage 2 United States $ $ $10.65 Alabama 6,354.0 $ ,556.0 $ ,043.0 $8.82 Alaska 1,640.0 $ ,845.0 $ $12.98 Arizona 16,498.0 $ ,074.0 $ ,744.0 $10.39 Arkansas 3,356.0 $ ,592.0 $ $8.48 California $ $ ,114.0 $11.92 Colorado 15,604.0 $ ,395.0 $ ,569.0 $11.08 Connecticut 16,408.0 $ ,484.0 $ ,682.0 $12.73 Delaware 2,877.0 $ ,524.0 $ $10.92 Florida 40,795.0 $ ,924.0 $ ,768.0 $10.36 Georgia 22,766.0 $ ,181.0 $ ,907.0 $9.66 Hawaii 2,440.0 $ ,962.0 $ $11.86 Idaho 2,795.0 $ ,389.0 $ ,070.0 $9.39 Illinois 39,112.0 $ ,847.0 $ ,489.0 $11.34 Indiana 9,283.0 $ ,165.0 $ ,620.0 $9.68 Iowa 6,595.0 $ ,328.0 $ ,382.0 $9.46 Kansas 6,226.0 $ ,840.0 $ ,383.0 $9.45 Kentucky 6,044.0 $ ,243.0 $ ,389.0 $9.28 Louisiana 6,362.0 $ ,338.0 $ ,015.0 $8.70 Maine 2,463.0 $ ,421.0 $ $10.17 Maryland 22,369.0 $ ,753.0 $ ,989.0 $11.19 Massachusetts 32,938.0 $ ,712.0 $ ,620.0 $12.62 Michigan 13,498.0 $ ,929.0 $ ,305.0 $10.84 Minnesota 16,681.0 $ ,270.0 $ ,966.0 $10.86 Mississippi 3,007.0 $ ,989.0 $ ,133.0 $8.53 Missouri 11,330.0 $ ,828.0 $ ,153.0 $9.77 Montana 1,682.0 $ ,398.0 $ ,035.0 $9.03 Nebraska 5,607.0 $ ,630.0 $ $9.51 Nevada 9,915.0 $ ,237.0 $ ,201.0 $10.84 New Hampshire 2,962.0 $ ,396.0 $ $10.97 New Jersey 32,814.0 $ ,131.0 $ ,794.0 $12.61 New Mexico 4,613.0 $ ,288.0 $ $9.17 New York 59,876.0 $ ,170.0 $ ,943.0 $12.55 North Carolina 16,657.0 $ ,442.0 $ ,328.0 $9.61 North Dakota 1,244.0 $ ,899.0 $ $9.17 Ohio 22,425.0 $ ,375.0 $ ,152.0 $10.08 Oklahoma 5,401.0 $ ,559.0 $ ,654.0 $8.89 Oregon 12,278.0 $ ,963.0 $ ,578.0 $11.14 Pennsylvania 39,001.0 $ ,826.0 $ ,901.0 $10.30 Rhode Island 7,820.0 $ ,344.0 $ ,188.0 $11.59 South Carolina 7,802.0 $ ,327.0 $ ,122.0 $9.12 South Dakota 2,164.0 $ ,010.0 $ $8.79 Tennessee 10,963.0 $ ,702.0 $ ,905.0 $9.37 Texas 56,088.0 $ ,113.0 $ ,725.0 $9.40 Utah 8,205.0 $ ,560.0 $ ,074.0 $9.86 Vermont 1,444.0 $ ,812.0 $ $10.90 Virginia 31,883.0 $ ,030.0 $ ,962.0 $10.51 Washington 19,530.0 $ ,376.0 $ ,391.0 $12.12 West Virginia 1,654.0 $ ,408.0 $ $8.56 Wisconsin 14,236.0 $ ,555.0 $ ,225.0 $10.28 Wyoming 1,380.0 $ ,002.0 $ $9.42 Source: The Conference Board 1. The six occupational categories in tables 8 and 9 are the SOC manual's Intermediate and High-Level Aggregations. 2. Wage data are from the BLS Occupational Employment Statistics program's May 2005 estimates. The OES major occupational group wage data has been weighted to form the higher level aggregates The Conference Board. All rights reserved. 15

16 Table 8: State Occupational Demand and Pay, continued Sales and Office Construction and Maintenance Production and Transportation Total Ads Total Ads Total Ads Average Average Average Location Oct-06 Hr. Wage 1 Oct-06 Hr. Wage 1 Oct-06 Hr. Wage 1 United States $ $ $14.12 Alabama 4,395.0 $ ,170.0 $ ,516.0 $12.66 Alaska 1,568.0 $ $ $20.00 Arizona 14,156.0 $ ,209.0 $ ,451.0 $13.72 Arkansas 2,430.0 $ $ ,273.0 $12.50 California 88,683.0 $ ,378.0 $ ,976.0 $13.90 Colorado 11,895.0 $ ,383.0 $ ,203.0 $14.87 Connecticut 7,834.0 $ ,326.0 $ ,880.0 $15.54 Delaware 2,077.0 $ $ $14.12 Florida 34,352.0 $ ,429.0 $ ,911.0 $12.66 Georgia 13,113.0 $ ,142.0 $ ,132.0 $13.51 Hawaii 1,961.0 $ $ $14.39 Idaho 2,928.0 $ ,338.0 $ ,183.0 $12.63 Illinois 21,316.0 $ ,698.0 $ ,093.0 $14.44 Indiana 6,186.0 $ ,558.0 $ ,559.0 $14.64 Iowa 4,316.0 $ ,352.0 $ ,230.0 $13.65 Kansas 4,321.0 $ ,106.0 $ ,468.0 $13.88 Kentucky 4,766.0 $ ,124.0 $ ,106.0 $13.98 Louisiana 5,249.0 $ ,822.0 $ ,645.0 $13.97 Maine 2,340.0 $ $ $13.62 Maryland 13,017.0 $ ,164.0 $ ,050.0 $14.41 Massachusetts 19,459.0 $ ,835.0 $ ,259.0 $15.54 Michigan 8,251.0 $ ,621.0 $ ,372.0 $16.55 Minnesota 11,995.0 $ ,021.0 $ ,894.0 $15.49 Mississippi 2,217.0 $ $ ,145.0 $12.26 Missouri 7,853.0 $ ,641.0 $ ,220.0 $13.79 Montana 1,785.0 $ $ $13.44 Nebraska 3,046.0 $ $ $13.96 Nevada 8,075.0 $ ,934.0 $ ,699.0 $13.83 New Hampshire 2,413.0 $ $ $14.52 New Jersey 19,495.0 $ ,118.0 $ ,412.0 $14.55 New Mexico 2,453.0 $ $ $13.29 New York 31,083.0 $ ,025.0 $ ,403.0 $15.21 North Carolina 9,879.0 $ ,801.0 $ ,809.0 $13.10 North Dakota 1,619.0 $ $ $13.64 Ohio 13,682.0 $ ,487.0 $ ,493.0 $14.57 Oklahoma 4,354.0 $ ,558.0 $ ,115.0 $12.99 Oregon 9,071.0 $ ,732.0 $ ,704.0 $14.19 Pennsylvania 17,977.0 $ ,463.0 $ ,610.0 $14.35 Rhode Island 2,815.0 $ $ $13.82 South Carolina 6,305.0 $ ,017.0 $ ,608.0 $13.22 South Dakota 1,353.0 $ $ $12.05 Tennessee 6,905.0 $ ,870.0 $ ,988.0 $13.46 Texas 35,234.0 $ ,353.0 $ ,721.0 $13.40 Utah 6,863.0 $ ,389.0 $ ,738.0 $13.83 Vermont 1,083.0 $ $ $13.79 Virginia 16,198.0 $ ,673.0 $ ,246.0 $14.05 Washington 15,914.0 $ ,354.0 $ ,878.0 $16.11 West Virginia 1,611.0 $ $ $13.11 Wisconsin 11,908.0 $ ,848.0 $ ,660.0 $14.58 Wyoming 1,010.0 $ $ $16.03 Source: The Conference Board 1. Wage data are from the BLS Occupational Employment Statistics program's May 2005 estimates. The OES major occupational group wage data has been weighted to form the higher level aggregates The Conference Board. All rights reserved. 16

17 Table 9: MSA Occupational Demand and Pay Management and Business/Financial 1 Professional & Related Service Total Ads Total Ads Total Ads Average Average Average Location Oct-06 Hr. Wage 2 Oct-06 Hr. Wage 2 Oct-06 Hr. Wage 2 United States $ $ $10.65 Birmingham, AL 2,142.0 $ ,041.0 $ $9.50 Phoenix, AZ 12,516.0 $ ,772.0 $ ,313.0 $10.55 Tucson, AZ 2,076.0 $ ,588.0 $ $10.02 Los Angeles, CA 41,843.0 $ ,589.0 $ ,644.0 $11.61 Riverside, CA 5,228.0 $ ,471.0 $ ,481.0 $11.36 Sacramento, CA 5,841.0 $ ,102.0 $ ,628.0 $11.73 San Diego, CA 12,195.0 $ ,792.0 $ ,979.0 $11.13 San Francisco, CA 26,149.0 $ ,046.0 $ ,668.0 $13.47 San Jose, CA 12,577.0 $ ,761.0 $ ,000.0 $13.02 Denver, CO 10,223.0 $ ,524.0 $ ,512.0 $11.51 Hartford, CT 5,883.0 $ ,707.0 $ $12.47 Washington, DC 38,349.0 $ ,095.0 $ ,396.0 $12.09 Jacksonville, FL 3,711.0 $ ,249.0 $ $9.99 Miami, FL 13,761.0 $ ,454.0 $ ,459.0 $10.91 Orlando, FL 5,379.0 $ ,249.0 $ ,089.0 $10.02 Tampa, FL 7,700.0 $ ,336.0 $ ,436.0 $10.27 Atlanta, GA 16,917.0 $ ,917.0 $ ,376.0 $10.29 Honolulu, HI 1,406.0 $ ,706.0 $ $11.59 Chicago, IL 29,197.0 $ ,946.0 $ ,799.0 $11.60 Indianapolis, IN 4,032.0 $ ,770.0 $ $10.21 Louisville, KY 2,943.0 $ ,272.0 $ $9.75 New Orleans, LA 2,555.0 $ ,334.0 $ ,295.0 $8.94 Baltimore, MD 9,958.0 $ ,031.0 $ ,907.0 $11.26 Boston, MA 25,840.0 $ ,401.0 $ ,987.0 $12.84 Detroit, MI 6,418.0 $ ,203.0 $ $11.36 Minneapolis-St. Paul, MN 13,476.0 $ ,076.0 $ ,750.0 $11.29 Kansas City, MO 5,495.0 $ ,414.0 $ $10.28 St. Louis, MO 5,713.0 $ ,140.0 $ ,235.0 $10.53 Las Vegas, NV 6,240.0 $ ,475.0 $ ,234.0 $10.99 Buffalo, NY 2,437.0 $ ,884.0 $ $10.41 New York, NY 61,541.0 $ ,066.0 $ ,847.0 $13.23 Rochester, NY 1,893.0 $ ,521.0 $ $10.89 Charlotte, NC 5,746.0 $ ,511.0 $ $10.31 Cincinnati, OH 5,423.0 $ ,233.0 $ $10.43 Cleveland, OH 6,065.0 $ ,065.0 $ $10.63 Columbus, OH 5,640.0 $ ,590.0 $ $10.43 Oklahoma City, OK 2,055.0 $ ,087.0 $ $9.21 Portland, OR 6,812.0 $ ,660.0 $ ,701.0 $11.64 Philadelphia, PA 18,848.0 $ ,862.0 $ ,610.0 $11.41 Pittsburgh, PA 6,458.0 $ ,644.0 $ $9.88 Providence, RI 4,228.0 $ ,644.0 $ ,220.0 $11.62 Memphis, TN 2,679.0 $ ,312.0 $ $9.92 Nashville, TN 3,150.0 $ ,385.0 $ $9.84 Austin, TX 5,399.0 $ ,762.0 $ ,587.0 $9.92 Dallas, TX 19,241.0 $ ,049.0 $ ,510.0 $10.22 Houston, TX 14,760.0 $ ,229.0 $ ,189.0 $9.74 San Antonio, TX 3,257.0 $ ,405.0 $ $9.03 Salt Lake City, UT 3,624.0 $ ,627.0 $ ,283.0 $10.40 Richmond, VA 4,284.0 $ ,823.0 $ $10.53 Virginia Beach, VA 4,360.0 $ ,631.0 $ $9.79 Seattle-Tacoma, WA 14,899.0 $ ,036.0 $ ,433.0 $12.69 Milwaukee, WI 7,091.0 $ ,389.0 $ ,510.0 $10.69 Source: The Conference Board 1.The six occupational categories in tables 8 and 9 are the SOC manual's Intermediate and High-Level Aggregations. 2. Wage data are from the BLS OES program' s May 2005 estimates. The OES major occupational group wage data has been weighted to form the higher level aggregates The Conference Board. All rights reserved. 17

18 Table 9: MSA Occupational Demand and Pay, continued Sales and Office Construction and Maintenance Production and Transportation Total Ads Total Ads Total Ads Average Average Average Location Oct-06 Hr. Wage 1 Oct-06 Hr. Wage 1 Oct-06 Hr. Wage 1 United States $ $ $14.12 Birmingham, AL 1,898.0 $ $ $13.22 Phoenix, AZ 11,558.0 $ ,352.0 $ ,527.0 $13.98 Tucson, AZ 1,766.0 $ $ $13.02 Los Angeles, CA 37,885.0 $ ,321.0 $ ,200.0 $13.09 Riverside, CA 4,765.0 $ ,226.0 $ ,620.0 $13.13 Sacramento, CA 5,988.0 $ ,211.0 $ ,350.0 $14.26 San Diego, CA 11,407.0 $ ,121.0 $ ,274.0 $13.47 San Francisco, CA 15,231.0 $ ,035.0 $ ,291.0 $16.96 San Jose, CA 5,006.0 $ $ $16.48 Denver, CO 8,030.0 $ ,024.0 $ ,929.0 $15.41 Hartford, CT 3,231.0 $ $ $15.68 Washington, DC 18,574.0 $ ,804.0 $ ,777.0 $15.64 Jacksonville, FL 2,793.0 $ $ $13.81 Miami, FL 12,601.0 $ ,405.0 $ ,044.0 $13.02 Orlando, FL 5,018.0 $ ,363.0 $ ,188.0 $12.57 Tampa, FL 8,187.0 $ ,087.0 $ ,092.0 $11.99 Atlanta, GA 9,955.0 $ ,853.0 $ ,179.0 $14.70 Honolulu, HI 1,446.0 $ $ $14.64 Chicago, IL 18,536.0 $ ,102.0 $ ,992.0 $14.66 Indianapolis, IN 3,221.0 $ $ $14.66 Louisville, KY 2,485.0 $ $ $14.69 New Orleans, LA 2,718.0 $ $ $13.65 Baltimore, MD 6,800.0 $ ,569.0 $ ,648.0 $14.67 Boston, MA 16,236.0 $ ,976.0 $ ,972.0 $16.02 Detroit, MI 3,672.0 $ $ $18.20 Minneapolis-St. Paul, MN 9,350.0 $ ,271.0 $ ,249.0 $16.58 Kansas City, MO 4,411.0 $ $ $14.44 St. Louis, MO 4,408.0 $ $ ,057.0 $15.08 Las Vegas, NV 6,151.0 $ ,382.0 $ $13.48 Buffalo, NY 2,270.0 $ $ $14.91 New York, NY 31,631.0 $ ,285.0 $ ,330.0 $15.35 Rochester, NY 1,615.0 $ $ $13.88 Charlotte, NC 3,478.0 $ $ $14.36 Cincinnati, OH 3,892.0 $ $ ,133.0 $14.81 Cleveland, OH 3,752.0 $ $ ,141.0 $15.14 Columbus, OH 3,339.0 $ $ $14.05 Oklahoma City, OK 2,338.0 $ $ $13.64 Portland, OR 7,311.0 $ ,110.0 $ ,095.0 $14.89 Philadelphia, PA 11,153.0 $ ,871.0 $ ,314.0 $15.35 Pittsburgh, PA 4,170.0 $ $ $14.25 Providence, RI 3,029.0 $ $ $13.75 Memphis, TN 1,720.0 $ $ $14.11 Nashville, TN 2,666.0 $ $ $14.15 Austin, TX 5,115.0 $ ,118.0 $ ,058.0 $12.92 Dallas, TX 13,306.0 $ ,552.0 $ ,920.0 $13.85 Houston, TX 9,414.0 $ ,424.0 $ ,051.0 $14.75 San Antonio, TX 3,236.0 $ $ $11.62 Salt Lake City, UT 5,061.0 $ ,609.0 $ ,712.0 $14.30 Richmond, VA 2,794.0 $ $ $13.92 Virginia Beach, VA 2,105.0 $ $ $13.96 Seattle-Tacoma, WA 12,196.0 $ ,869.0 $ ,305.0 $16.94 Milwaukee, WI 5,242.0 $ ,138.0 $ ,785.0 $14.91 Source: The Conference Board 1. Wage data are from the BLS OES program' s May 2005 estimates. The OES major occupational group wage data has been weighted to form the higher level aggregates The Conference Board. All rights reserved. 18

19 The Conference Board Help Wanted OnLine Data Series Technical Notes Background The Conference Board began publication of the Help Wanted Online Data Series (HWOL) in July 2005 as a developmental series and initiated a major expansion of the program in October This new developmental program provides data on online advertised job demand and is intended to compliment its long-standing Help Wanted Advertising Index of newspaper print advertising. The Help Wanted Online Data Series fills a critical gap in the current U.S. economic indicators by providing timely monthly measures of labor demand (advertised vacancies) at the national, regional, State and metropolitan area. These monthly measures are comparable in timing and geographic detail to the Bureau of Labor Statistics (BLS) monthly measures of labor supply (unemployment). The Conference Board HWOL program is one of the earliest published monthly indicators of economic activity in the previous month, with data publication centered around the 1 st of each month. The program provides measures of levels and rates for both Total Online Ads and New Online Ads. The online vacancy program is one of the few economic indicators to provide occupational detail, with national estimates published at the major occupational group level and State and MSA estimates at higher level aggregates. To provide users with a broader analytical view of labor supply and labor demand, the press release includes the most recently available data from the Bureau of Labor Statistics on labor supply (unemployment) along with average wage levels for the occupational detail. Coverage The HWOL program is targeted to cover the full universe of all online advertised vacancies which are posted directly on internet job boards or through newspaper online ads. At present, ads on corporate web sites for their own jobs are excluded from coverage. However, since a number of job boards scrape these corporate websites these ads may also appear in the HWOL data count.. Concepts and Definitions Survey Reference Period. The HWOL program uses a mid-month survey reference period. Data for October would be the sum of all posted ads from September 14th through October 13 th. This reference period was aligned to the BLS unemployment job search time period to provide for a more accurate comparison of labor supply and labor demand in the U.S. economy. New ads. New ads are all unduplicated ads which did not appear in the previous reference period. An ad is counted as new only in the month it first appears. Total ads. Total ads are all unduplicated ads appearing in the reference period. This figure includes both new ads and reposted ads.

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