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In July there were 4,084,200 online advertised job vacancies, a seasonal decline of 196,200 or 4.6 percent from the June level, according to the Conference Board Help-Wanted Online Data Series.

Online advertised job vacancies were up 20 percent over the year (July '06-July '07). There were 2.6 advertised vacancies online for every 100 persons in the labor force in July.

"The monthly decline in July in large part reflects the July 4thholiday week when ad volume dropped," said Gad Levanon, Economist at The Conference Board. "Online job demand is running well above last year's level, indicating that the national labor market continues to hold up, but looking at The Conference Board Leading Economic Indicators, point to a little loss in momentum over the next few months.

"With the typical lagged response of the labor market, we may well see a moderation in national employment growth in the second half of the year while some of the hot local markets continue to show high ad rates and low unemployment."

In July, 2,609,300 or 64 percent of the 4,084,200 unduplicated online advertised vacancies were new ads that did not appear in June, while the rest were reposted ads. During July, both total and new ads fell by 5 percent from the previous month. Over the year total and new ads increased 20 percent.