The article announces the closing of America's Job Bank by the U.S. Department of Labor. The move was due to the high cost of operating expenses and the proliferation of competing private sector in online job boards. The America Job Bank is said to be the first national online job board since its debut in 1995 and had served as the first Internet presence for labor exchange in the 50 states. According to the notice sent by the Department of Labor with its assessment that it is more cost effective to contract this type of service within the private sector on as needed basis.