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Online job demand points to rising employment

This chart comes from The Conference Board, and it shows the relationship between the level of employment (red line) and an index of online help-wanted ads (blue line). Over the relatively short sample period available, ads seem to do a good job of leading employment, which in turn suggests that we should be seeing further job gains in the months ahead.

HT: Mark Perry, who notes that "the 4,296,100 job vacancies in September were the highest level since November 2008, almost two years ago." This is a fairly impressive and positive sign in my view.

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