US employers post the most jobs in 4 years
WASHINGTON (AP) — U.S. employers posted the most job openings in four years in June, a positive sign that hiring may pick up.
The Labor Department says job openings rose to a seasonally adjusted 3.8 million in June, up from 3.7 million in May. That's the most since May 2008. Layoffs also fell.
The data follow Friday's report that said employers in July added the most jobs in five months. A rise in openings could signal better hiring in the coming months. It typically takes one to three months to fill a job.
Even with the increase, hiring is competitive. There were 12.7 million unemployed people in June, or an average of 3.4 unemployed people for each job. In a healthy job market, the ratio is usually around 2 to 1.
The Labor Department says job openings rose to a seasonally adjusted 3.8 million in June, up from 3.7 million in May. That's the most since May 2008. Layoffs also fell.
The data follow Friday's report that said employers in July added the most jobs in five months. A rise in openings could signal better hiring in the coming months. It typically takes one to three months to fill a job.
Even with the increase, hiring is competitive. There were 12.7 million unemployed people in June, or an average of 3.4 unemployed people for each job. In a healthy job market, the ratio is usually around 2 to 1.
Well at least there is some positive news.
Where is T BONE WALKER to talk about how bad the economy is???
"There were 12.7 million unemployed people in June, or an average of 3.4 unemployed people for each job. In a healthy job market, the ratio is usually around 2 to 1."Â I think this says it all.
 @GeorgeG. Oh, do tell. Get your google-fu on. What was the unemployment rate when Bush took office and when he left office. We'll wait.
 @WWRJD Umm from good when he came in to shot to hell when he left....
WOW that was easy
 @GeorgeG. Yeah it's a shame Bush left such a mess for Obama to clean up. Or did you forget already?
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Read this part again "That's the most since May 2008. Layoffs also fell"
Oh no we can't have this so close to the election.
Hey! Where are all the usual "Obama sucks" guys?
 @ducati They haven't received their official talking point rebuttals yet.
 @Mikeftm For the win!
@ducati Proabaly out looking for work.
 @ducati They don't read this far down the page. So I'm saving the link. ;)
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