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Online Job Postings Hit 2-Year Low
The Conference Board released its online job listings report for December earlier today which showed that online job postings dropped by 507,000 openings to 3.86 million in December, the lowest level since July, 2006. The Conference Board’s 12% decline is slightly less than the 16% decline reported by LinkUp.com earlier this week, but regardless of which number one looks at, there is no doubt that the jobs market continues to weaken. Despite an unexpected drop in the number of jobless claims reported this week, everyone expects tomorrow’s employment report to be abysmal.