Business & Real Estate

Online job postings in state, Sacramento up in October

Sacramento and California saw substantial year-over-year increases in online job postings in October, according to The Conference Board, the New York-based business research group.

The board said employers posted 574,400 online ads statewide last month, up 1 percent from 568,200 in September and a robust 9.3 percent increase from 525,300 in the same month a year ago.

Sacramento had 28,400 ads in October, up slightly from 28,100 in September and a nearly 10 percent increase over 25,900 in September 2013.

The board said California had 2.4 unemployed people per advertised job vacancy, higher than the national ratio of 1.83-to-1. Sacramento’s ratio is 2.52-to-1.

Nationally, job-vacancy ads rose 11,700 to 5.08 million from September to October this year.

“U.S. labor demand continues on a steady, slow growth trend, maintaining historically high demand levels with over 5 million ads each month,” said Gad Levanon, the board’s director of macroeconomics and labor markets, in a statement. “The data continue to indicate a strong U.S. labor market.”

Call The Bee’s Mark Glover, (916) 321-1184.