Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

Omaha Steve

(99,618 posts)
Thu Nov 13, 2014, 01:54 PM Nov 2014

US companies hire at fastest pace in 7 years

Source: AP-EXCITE

By CHRISTOPHER S. RUGABER

WASHINGTON (AP) — U.S. companies ramped up hiring in September, and more Americans were confident enough to quit their jobs — two signs of a steadily improving economy. The number of available jobs declined but remained at a healthy level.

More than 5 million people were hired in September, the most since December 2007 when the recession began, the Labor Department said Thursday. And the number of people who quit their jobs jumped to 2.75 million from 2.5 million. That's the most in more than six years.

More quitting and hiring means that the job market is becoming more dynamic, which creates additional opportunities for the unemployed. Greater quitting is a good sign for several reasons: People are more likely to leave jobs when they have a new position lined up, usually one that is higher-paying. Workers also quit when they are more confident they can find a new job. And quits open more positions that can be filled by those out of work, or by people seeking higher pay.

"If this pickup is sustained it will add to the evidence that wage acceleration is likely in 2015," said Jeremy Schwartz, an economist at Credit Suisse.

FULL story at link.



In this photo taken Wednesday, Oct. 22, 2014, job seekers fill out a job applications at a job fair in Miami Lakes, Fla. The Labor Department releases job openings and labor turnover survey for September on Thursday, Nov. 13, 2014. (AP Photo/Alan Diaz)


Read more: http://apnews.excite.com/article/20141113/us--job_openings-4844bdff8b.html

9 replies = new reply since forum marked as read
Highlight: NoneDon't highlight anything 5 newestHighlight 5 most recent replies
US companies hire at fastest pace in 7 years (Original Post) Omaha Steve Nov 2014 OP
Were hiring for the first time in 10 years Ink Man Nov 2014 #1
Where did you see that? ReRe Nov 2014 #5
I'm talking Ink Man Nov 2014 #6
What kind of drugs do they screen for? WhiteTara Nov 2014 #7
Really. Those tests are so easy to beat. PeteSelman Nov 2014 #8
I do find this surge in jobs a bit curious... ReRe Nov 2014 #2
Oh...but SoapBox Nov 2014 #3
Bed Bath and Beyond? Hassin Bin Sober Nov 2014 #4
It's Obama's fault! MADem Nov 2014 #9

ReRe

(10,597 posts)
5. Where did you see that?
Thu Nov 13, 2014, 03:35 PM
Nov 2014

I did not see that fact in the article. Just a snarky remark or what? Of course, it wouldn't surprise me if partially true. People have had a f-ing hard time in the past 14 yrs, what with 9/11, war, jobs disappearing and high unemployment rates, people loosing the homes they worked for all their lives, and the crash. I can understand if someone would be so beaten down that they turned to drugs & alcohol to try and cope. There, but for the grace of God, go us, huh? .

PeteSelman

(1,508 posts)
8. Really. Those tests are so easy to beat.
Thu Nov 13, 2014, 11:32 PM
Nov 2014

Any stoner worth his salt knows how to beat those idiotic invasions of their privacy.

The "bad" drugs leave your system fast enough that you almost have to be on them at the time of the test to fail.

ReRe

(10,597 posts)
2. I do find this surge in jobs a bit curious...
Thu Nov 13, 2014, 03:14 PM
Nov 2014

... since the The Corporate "Republican" Party won big in the elections. It will be interesting to see in which states the jobs are popping up in.

Latest Discussions»Latest Breaking News»US companies hire at fast...