Job Openings in U.S. Increase to Highest Level Since 2001

[Purveyor]

Source: Bloomberg

By Nina Glinski Aug 12, 2014 11:23 AM ET

Job openings rose in June to the highest level in more than 13 years, firming up the U.S. labor market picture for the second half of the year.

The number of unfilled positions climbed by 94,000 to 4.67 million, the most since February 2001, from a revised 4.58 million in May, a report from the Labor Department showed today.

Today’s figures are among those on Federal Reserve Chair Janet Yellen’s employment “dashboard,” which she uses to help guide monetary policy. The increase in openings, combined with the highest readings on the number of people hired and leaving their jobs since 2008, means the healing in the labor market is broadening, albeit at a measured rate.

“There’s improvement, but it’s still slow and uneven,” said Joseph LaVorgna, chief U.S. economist at Deutsche Bank Securities Inc. in New York. Hiring, firings and quits will need to be closer to pre-recession levels “before Yellen and Co. get concerned that maybe the economy might be overheating.”

Read more: http://www.bloomberg.com/news/2014-08-12/job-openings-in-u-s-rose-by-94-000-to-4-67-million-in-june.html

[littlemissmartypants]

1. Of course we know that it is the quality of the jobs

That is the ultimate indicator in question, not the quantity.

Love, Peace and the Righteous Fight. Lmsp

[AllTooEasy]

6. Exactly, that's why you'll be happy with this link and the corresponding chart

http://money.cnn.com/2014/08/01/news/economy/middle-class-jobs/index.html?hpt=hp_t2

High and Middle wage jobs are on an increasing trend. Low wage jobs are on a decreasing trend.

[Purveyor]

10. Oh stop it. You are ruining the 'everything is horrible' meme. Sometimes

I wonder if people who aren't working are afraid they are running out of valid excuses for not having a job yet.

[AllTooEasy]

11. Be careful

I appreciate the compliment, but the improving economy is still not right. I have sympathy for the long term job seekers.

I just want to shoot down this Faux News talking point("Obama is the Burger Flipper-in-Chief&quot that's so many DUers are still embracing.

All the Best!

[aggiesal]

14. The problem as I see it ...

I have no evidence or proof, just my personal observation.

I'm a computer contractor by trade, and I make good money doing this.
Back in the late 90`s early 2000`s, when my contract would complete I'd
put my resume online, and I'd literally find another contract position within
days. Really!

In 2008 just before the economy came crashing down, I had another position lined up.
When the day I went sign my employment papers, the company decided to implement
a hiring freeze, the night before, which affected my hiring.

I was out of work for almost 22 months.

But I could see the trend to hiring foreign H1B employees.

I got another contract and worked 3.5 years when I again got laid off
5 days before this past christmas. I was out of work until the 1st week of August.
There were plenty of positions available but the salaries have dropped to wages from
the early 90's. How is that even possible?
Because of the influx of foriegn workers, there are more than enough workers who
are willing to accept early 90's wages, that's how! That's really good money to them.

If positions are now at the 2001 levels, I would have been able to find a good position
fairly quickly, but not in this working environment.

[mahatmakanejeeves]

2. Here's the link at BLS

Job Openings and Labor Turnover Summary

JOB OPENINGS AND LABOR TURNOVER – JUNE 2014

There were 4.7 million job openings on the last business day of June, little changed from 4.6 million in May, the U.S. Bureau of Labor Statistics reported today. The hires rate (3.5 percent) was little changed and the separations rate (3.3 percent) was unchanged in June. Within separations, the quits rate (1.8 percent) and the layoffs and discharges rate (1.2 percent) were unchanged. 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.

Job Openings

There were 4.7 million job openings in June, little changed from 4.6 million in May. In June, the number of job openings was little changed for total private and government. Over the month, the number of job openings was little changed for all industries and in all four regions. (See table 1.)

The number of job openings (not seasonally adjusted) increased over the 12 months ending in June 2014 for total nonfarm, total private, and government. The job openings level increased for more than half of the industries but decreased for retail trade. The number of job openings increased in all four regions. (See table 7.)

Over the last 12 months, the movement of job openings has varied. From June 2013 to January 2014, the number of job openings was little changed, decreasing by 97,000. However, from January 2014 through June 2014, the number of job openings trended upward by an average 159,000 job openings per month, for a total increase of 797,000 openings.

[Dopers_Greed]

3. I'd like to see a stat of how many are low-paying, or at least under the median salary in their area

Most of them, I'd guess

[AllTooEasy]

7. Low wage jobs are decreasing, Check out the link

http://money.cnn.com/2014/08/01/news/economy/middle-class-jobs/index.html?hpt=hp_t2

Stop buying the Faux News talking points.

[C Moon]

4. "Can I get your order, sir?"

[AllTooEasy]

8. Bullshit! Middle and High wage jobs are increasing

...while low wage jobs are decreasing.

http://money.cnn.com/2014/08/01/news/economy/middle-class-jobs/index.html?hpt=hp_t2

And this is coming from a non-Obama supporting, right leaning publication (Money Magazine).

[C Moon]

12. I guess I'm only reading about California:

The L.A. Times has been talking about it the past few weeks, and I hear it on the radio as well.
http://www.latimes.com/business/la-fi-middle-class-jobs-20140808-story.html

I am an Obama supporter; I have been out of work for some time, and finally pretty much gave up on looking for FT work, and decided to work freelance. I still keep my eyes peeled for FT work, but it's tough out there.

[geretogo]

5. Mcdonalds must be building a lot of new resturants .

[AllTooEasy]

9. Faux News telling you that?

...because you're doing a good job of reciting their talking points. Try this link from Money Magazine on for size:

http://money.cnn.com/2014/08/01/news/economy/middle-class-jobs/index.html?hpt=hp_t2

Keep in mind that Money is a capitalists worshiping, right leaning publication...and even they don't buy Carl Rove's BS anymore. Why do you?

The chart in the link from Moody doesn't help the GOP cause either.

[geretogo]

13. I was being sacastic . I know it's a lie.