Rise in US job openings suggests healthy hiring
Source: Agencies |
March 13, 2013, Wednesday
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Print Edition
Print Edition
AMERICAN employers advertised more job openings in January, suggesting that hiring will remain healthy in the coming months.
Job openings rose 2.2 percent in January from December to 3.69 million, the US Labor Department said yesterday. Openings had fallen nearly 5 percent in December. They are still below November's level of nearly 3.8 million.
There were other positive signs: Employers laid off the fewest workers in January than in any month since records began in 2001. And the number of Americans quitting their jobs rose to the highest in more than four years. People usually quit when they have another job, so more quitting suggests it is easier to find work.
There is still a lot of competition for open positions. About 12.3 million people were unemployed in January. That means there were 3.3 unemployed people, on average, competing for each job. In a healthy economy, that ratio is roughly 2 to 1.
Rising openings and quits add to recent evidence that the job market is getting better.
Employers added 236,000 jobs in February, the government said last Friday. That pushed the unemployment rate down from 7.9 percent in January to a four-year low of 7.7 percent last month.
Job openings rose 2.2 percent in January from December to 3.69 million, the US Labor Department said yesterday. Openings had fallen nearly 5 percent in December. They are still below November's level of nearly 3.8 million.
There were other positive signs: Employers laid off the fewest workers in January than in any month since records began in 2001. And the number of Americans quitting their jobs rose to the highest in more than four years. People usually quit when they have another job, so more quitting suggests it is easier to find work.
There is still a lot of competition for open positions. About 12.3 million people were unemployed in January. That means there were 3.3 unemployed people, on average, competing for each job. In a healthy economy, that ratio is roughly 2 to 1.
Rising openings and quits add to recent evidence that the job market is getting better.
Employers added 236,000 jobs in February, the government said last Friday. That pushed the unemployment rate down from 7.9 percent in January to a four-year low of 7.7 percent last month.
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