Help-wanted advertising rose only slightly in August, reflecting persistent economic weakness, more layoffs and a reluctance of employers to raise payrolls, the Conference Board said Thursday.
The business research group's monthly index that measures employment advertising in newspapers rose to 93 in August, up from the July figure of 91. The index also was 91 in August of 1991.
``The U.S. labor markets continue to be lethargic,' said Kenneth Goldstein, a Conference Board labor economist.The Help-Wanted Index is calculated from employment ads in 51 major newspapers across the country each month. It is considered a useful barometer for measuring labor market conditions and changes in the supply of jobs.