US job openings reach a 14-year high, and more workers quit
Source: AP-Excite
By CHRISTOPHER S. RUGABER
WASHINGTON (AP) — U.S. employers advertised the most jobs in 14 years in January, and more workers quit — both signs of a steadily strengthening job market.
Job openings rose 2.5 percent to nearly 5 million, the most since January 2001, the Labor Department said Tuesday. The number of people quitting their jobs increased 3 percent to 2.8 million, the most in more than six years.
More quits are generally a sign of confidence in the economy, because people typically leave their jobs when they have another one lined up, often at higher pay, or are optimistic that they can find a new position.
Increased openings are usually followed by stronger job gains. Steady economic growth, powered largely by consumer spending, has boosted businesses' confidence in the economy and made them more willing to hire.
FULL story at link.
In this Jan. 29, 2015 file photo, Tyler Kelly, 19, left, fills out applications for parking enforcement and environmental compliance jobs during a public safety job fair at City Hall in Saginaw, Mich. The Labor Department releases job openings and labor turnover survey for January on Tuesday, March 10, 2015. (AP Photo/The Saginaw News, David C. Bristow)
Read more: http://apnews.excite.com/article/20150310/us-job-openings-65d9c0ef3f.html
How many jobs bills in the House have the Repugnants brought to a vote since Jan 2011? NONE!!!
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Economic News Release
Job Openings and Labor Turnover Summary
For release 10:00 a.m. (EDT) Tuesday, March 10, 2015 USDL-15-0385
Technical information: (202) 691-5870 • JoltsInfo@bls.gov • www.bls.gov/jlt
Media contact: (202) 691-5902 • PressOffice@bls.gov
JOB OPENINGS AND LABOR TURNOVER – JANUARY 2015
There were 5.0 million job openings on the last business day of January, little changed from 4.9 million in December, the U.S. Bureau of Labor Statistics reported today. Hires decreased to 5.0 million in January and separations were little changed at 4.8 million. Within separations, the quits rate was little changed at 2.0 percent and the layoffs and discharges rate was unchanged at 1.2 percent. This release includes estimates of the number and rate of job openings, hires, and separations for the nonfarm sector by industry and by four geographic regions. The release also includes 2014 annual estimates for hires and separations. The annual number of hires, quits, layoffs and discharges, and other separations increased in 2014.
Job Openings
There were 5.0 million job openings on the last business day of January, little changed from December. This was the highest level of job openings since January 2001. The job openings rate for January was 3.4 percent. The number of job openings was little changed for total private and government in January. Job openings increased for accommodation and food services and in the West region. (See table 1.)
Job Openings Rise to the Highest Level in 14 Years
10:35 am ET
Mar 10, 2015
Economy
By Josh Zumbrun
Employers across the U.S. had 5 million job openings at the end of January, the most since January 2001, providing further hope that the labor market is on the mend.
Openings have been rising across a range of industries, according to the Labor Department’s Job Openings and Labor Turnover Survey, known as Jolts. Professional and business services, health care and accommodation and food services have seen openings rise; mining and logging, which includes the beleaguered U.S. oil industry, has seen openings decline.
The level of hiring declined slightly in January, falling to 5 million from 5.2 million in December. The total number of people leaving their job declined slightly, too–separations fell to 4.8 million from 4.9 million.
The Labor Department’s main jobs report shows the net change in jobs—a gain of 295,000 in February—but the Jolts report digs one level deeper, cataloging the millions of workers each month who quit a job or are laid off, retire, start a new job or switch jobs.
