Job Openings Hit Postrecession High
April 9, 2013, 11:31 am
Prospects are looking a little better for the unemployed — or at least they were until March’s hiring slowdown.
Employers posted 3.9 million jobs in February, the most since the recession ended in June, 2009, the Labor Department said Tuesday. There are now just over three unemployed workers for every job opening, down from a peak of nearly seven in 2009.
The data, from the government’s monthly Job Openings and Labor Turnover Survey, known as JOLTS, are from February, when employers added 268,000 jobs. The labor market has since taken a turn for the worse, according to Friday’s jobs report, which showed payrolls growing by a disappointing 88,000 jobs in March. That decline won’t show up in the JOLTS data for another month.
Source: The Wall Street Journal
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