US Job Openings in June Hit 13-Year-P...

US Job Openings in June Hit 13-Year-Plus High

Posted in the Minneapolis Forum

Obama Economic Recovery

Minneapolis, MN

#1 Aug 12, 2014
U.S. employers in June advertised the most monthly job openings in more than 13 years.

Employers posted 4.67 million jobs in June, up 2.1 percent from May's total of 4.58 million, the Labor Department reported Tuesday. The number of advertised openings was the highest since February 2001, a positive sign that points to a strengthening economy.

The report "provides further confirmation that the US labor market has indeed shifted to a period of stronger growth," said Jeremy Schwartz, an analyst at the bank Credit Suisse.

Known as the Job Openings and Labor Turnover survey or JOLTS, the report provides a detailed look at where employment might be heading. It records job postings, overall hiring and the number of workers who either quit or were laid-off. By contrast, the monthly employment report shows the net total of job gains or losses.

Federal Reserve Chair Janet Yellen relies on the JOLTS report as a barometer for economic conditions. The June figures indicate that employers are looking to expand, yet actual hiring has not increased as significantly in recent months.

Roughly the same percentage of Americans quit their jobs in June as they did in May, though the rate has increased over the past year. Quit rates usually rise when employees are finding new and better-paying jobs.

Hiring rose in June to 4.83 million, up from 4.74 million in May. Still, the hiring rate has not risen over the past year as quickly as the number of positions being advertised.
Moe Hammered

Green Bay, WI

#2 Aug 12, 2014
Obama Economic Recovery wrote:
U.S. employers in June advertised the most monthly job openings in more than 13 years.
Employers posted 4.67 million jobs in June, up 2.1 percent from May's total of 4.58 million, the Labor Department reported Tuesday. The number of advertised openings was the highest since February 2001, a positive sign that points to a strengthening economy.
The report "provides further confirmation that the US labor market has indeed shifted to a period of stronger growth," said Jeremy Schwartz, an analyst at the bank Credit Suisse.
Known as the Job Openings and Labor Turnover survey or JOLTS, the report provides a detailed look at where employment might be heading. It records job postings, overall hiring and the number of workers who either quit or were laid-off. By contrast, the monthly employment report shows the net total of job gains or losses.
Federal Reserve Chair Janet Yellen relies on the JOLTS report as a barometer for economic conditions. The June figures indicate that employers are looking to expand, yet actual hiring has not increased as significantly in recent months.
Roughly the same percentage of Americans quit their jobs in June as they did in May, though the rate has increased over the past year. Quit rates usually rise when employees are finding new and better-paying jobs.
Hiring rose in June to 4.83 million, up from 4.74 million in May. Still, the hiring rate has not risen over the past year as quickly as the number of positions being advertised.
Yes. This means there are plenty of jobs for black yutes to serve wood pulp burgers at McDonalds.
Hannah

Hopkins, MN

#4 Aug 12, 2014
By any definition the economy is FAR better than Bush left it.
The rest of the story

United States

#6 Aug 13, 2014
Americans not in the labor force exploded higher by 535,000 to a new all time high 91.8 million.
The rest of the story

United States

#7 Aug 13, 2014
More reality:

The civilian labor force from 155.3 million to 154.9 million, which means the labor participation rate just dropped to a fresh 35 year low, hitting levels not seen since 1978, at 62.8% down from 63.0%.
LIbEralS

Minneapolis, MN

#8 Aug 13, 2014
U.S. jobs pay an average 23% less today than they did before the 2008 recession, according to a new report released on Monday by the United States Conference of Mayors.

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