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Job Openings in U.S. Climb for Second Month as Employers Gain Confidence
Source: Bloomberg
http://www.bloomberg.com/apps/news?pid=20601068&sid=aSeYNC9ioJOQ
By Timothy R. Homan
March 9 (Bloomberg) -- Job openings in the U.S. rose in January to the highest level in almost a year, signaling employers are gaining confidence as the economic recovery takes hold.
Openings increased by 193,000 to 2.72 million, the most since February 2009, the Labor Department said today in Washington. More people were hired and the number of workers fired decreased to the lowest level in almost two years, the report also showed.
The figures indicate that the world’s largest economy, which expanded in the second half of 2009, is poised to add workers after payrolls dropped less than anticipated last month. Nonetheless, the labor market will take time to overcome the loss of 8.4 million jobs since the beginning of the recession in December 2007.
“The increase in the job openings rate is a positive sign,” said James O’Sullivan, global chief economist at MF Global Ltd. in New York. “We’re at the point now where job growth is turning positive. The labor market is improving, but it’s got a long way to go.”
The rate of job openings in January climbed to 2.1 percent from 1.9 percent the prior month, according to today’s report. Education and health care showed the biggest gain in worker demand followed by business services and hotels and restaurants.
Source: Bloomberg
http://www.bloomberg.com/apps/news?pid=20601068&sid=aSeYNC9ioJOQ
By Timothy R. Homan
March 9 (Bloomberg) -- Job openings in the U.S. rose in January to the highest level in almost a year, signaling employers are gaining confidence as the economic recovery takes hold.
Openings increased by 193,000 to 2.72 million, the most since February 2009, the Labor Department said today in Washington. More people were hired and the number of workers fired decreased to the lowest level in almost two years, the report also showed.
The figures indicate that the world’s largest economy, which expanded in the second half of 2009, is poised to add workers after payrolls dropped less than anticipated last month. Nonetheless, the labor market will take time to overcome the loss of 8.4 million jobs since the beginning of the recession in December 2007.
“The increase in the job openings rate is a positive sign,” said James O’Sullivan, global chief economist at MF Global Ltd. in New York. “We’re at the point now where job growth is turning positive. The labor market is improving, but it’s got a long way to go.”
The rate of job openings in January climbed to 2.1 percent from 1.9 percent the prior month, according to today’s report. Education and health care showed the biggest gain in worker demand followed by business services and hotels and restaurants.
