RPT-U.S. newspaper help-wanted ads fall in May
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NEW YORK, June 26 (Reuters) - The number of help-wanted ads in U.S. newspapers fell 1 point in May and is 10 points down from its mark a year ago, a private research group said on Thursday.
The Conference Board said its gauge measuring help-wanted ad volume slipped to 17 in May from 18 in April. The index was 27 a year earlier.
"There's no sign that improvement is just around the corner," Ken Goldstein, labor economist at the Conference Board, said in a statement.
"The number of jobs fell in each of the first five months of the year, he said. "A prolonged period of slow economic growth and small employment declines is feeding a sense of frustration. Little wonder why consumer expectations are at an all-time low. Expect more of the same right through the summer and fall months."
Help-wanted ads have declined in all nine U.S. regions tracked in the last three months, with the steepest drop in the West North Central. The ads in that region tumbled 25.9 percent.
The research firm surveys help-wanted ad volume in 51 newspapers across the United States each month.
The Conference Board said on April 4 that it will no longer publish this index because print advertising is no longer representative of changes in labor market demand, though it will still produce the index for research purposes. (Reporting by Rodrigo Campos; Editing by Jonathan Oatis)
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