US online help-wanted ads fall in Sept-Conf Board

NEW YORK | Wed Oct 1, 2008 11:03am EDT

NEW YORK Oct 1 (Reuters) - Monthly help-wanted postings on major U.S.-based Internet job boards fell by a seasonally adjusted 215,600 during September and there are indications for a further deterioration in the job market, a private research group said on Wednesday.

The Conference Board said its measure of the total number of unduplicated online jobs fell to about 4.41 million in September, in the first seasonally adjusted publication of the data.

"All in all, indications are that employment will deteriorate even more rapidly in the near term," said Gad Levanon, economist at the Conference Board.

"Data indicates that labor demand was down in September even before the tumultuous events in the financial sector during the end of the month," he added.

Earlier on Wednesday, the ADP National Employment Report showed the U.S. private sector shed 8,000 jobs in September, following a 33,000 fall in August. According to a Reuters survey, economists had expected a further decline of 60,000 jobs. (Reporting by Rodrigo Campos, Editing by Walker Simon)

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