(April 26, 2001) -- As corporate layoffs continue, help-wanted advertising dropped in March to its lowest level in eight years, according to the latest figures from the Conference Board. The board's Help Wanted Advertising Index dropped in March to 66 from 88 for the same month last year, reflecting an increase in the U.S. unemployment rate to 4.3% from 4.0% a year earlier. The index, based on help-wanted ad volume in 51 newspapers around the country, has not been this low since April 1993, when the economy was emerging from the early 1990s recession. -- Mercedes Cardona
Copyright April 2001, Crain Communications Inc.