Job Openings in U.S. Fell by 156,000 in November

[marmar]

Job Openings in U.S. Fell by 156,000 in November (Update2)
By Bob Willis


Jan. 12 (Bloomberg) -- Job openings in the U.S. fell in November to the lowest level in four months, a sign employers are reluctant to expand staff even as payroll reductions waned from earlier last year.

Openings declined by 156,000 to 2.42 million, the second- lowest level since records began in 2000, the Labor Department said today in Washington. The number of unfilled positions was down 50 percent since peaking in June 2007.

“It confirms the suspicion that most of the improvement in non-farm payroll employment has been due to reduced firing and not renewed hiring,” said Zach Pandl, an economist at Nomura Securities International Inc. in New York. “This is the last shoe to drop for the recovery in the labor market and we’re still waiting.”

Payrolls dropped more than anticipated in December after revisions showed a gain in the prior month that was the first since the recession began, Labor Department figures showed last week. Unemployment that’s forecast to stay above 10 percent for the first half of the year may make it harder for consumer spending to accelerate.

The rate of job openings in November dropped to 1.8 percent from 1.9 percent. The separations rate, which includes dismissals and those who quit their jobs, rose to 3.3 percent from 3.2 percent the prior month. ............(more)

The complete piece is at: http://www.bloomberg.com/apps/news?pid=20601087&sid=aWnUw__JiItk&pos=5

[flyarm]

1. but but but but ..i thought the apologists were telling us over and over here that the economy was

soaring!!!!!!..that the recession was all but over..that happy days are here again!!!!!!

Not according to the number..but but but but ..they love to post the early numbers..before the real numbers come in!!

Today on Fla news..constuction on new housing hit a "RECORD" LOW.

And a employment guy from Orlando was just on our news saying nothing has been done to help with Job losses..sorry i didn't catch the guys title..But he was saying we are near records in unemployment .

[Tierra_y_Libertad]

2. The "Trickle Down Machine" is malfunctioning. But, the Promise Machine is still working.