U.S. Job Openings Rose To 4-Year High In June



By Christopher S. Rugaber


WASHINGTON -- U.S. employers posted the most job openings in four years in June, a positive sign that hiring may pick up.

The Labor Department said Tuesday job openings rose to a seasonally adjusted 3.8 million in June, up from 3.7 million in May. That's the most since July 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.

That's down a bit from May and much lower than the nearly 7-to-1 ratio in July 2009, just after the recession ended. In a healthy job market, the ratio is usually around 2 to 1.

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Still, employers have been slow to fill jobs. Since the recession ended in 2009, openings have increased 57 percent. Overall hiring is up only 19 percent.

And openings are still below pre-recession levels of about 5 million per month.

Employers added 163,000 jobs in July, the department said last week. That followed three months of weak hiring and eased concerns that the economy was stalling.

Yet the economy has generated an average of 150,000 jobs per month this year, about the same pace as 2011. That's not enough to rapidly drive down the unemployment rate, which ticked up to 8.3 percent in July from 8.2 percent in June.

In June, manufacturing, education and health care, and hotels and restaurants all posted more openings. Retailers and state, local and federal government agencies cut available jobs.

The government's monthly employment report, released last Friday, measures net hiring.

Tuesday's report, known as the Job Openings and Labor Turnover survey, measures gross hiring. That fell in June from May to 4.36 million. But May's total was the highest in 3½ years.

When layoffs, quits and other separations are subtracted, the net gain is close to the 64,000 net job gains in June.

Layoffs dropped to 1.8 million in June, down from nearly 2 million in May.

Fewer layoffs make it easier for the economy to generate net job gains. As layoffs decline, fewer gross hires are needed to produce a net gain in jobs.


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Iselin007

They use to ask " Where's the beef" in that TV commercial but now the unemployed have a beef!

August 07 2012 at 9:15 PM Report abuse rate up rate down Reply
Iselin007

I dare you bring back the data from the Discuss the state of the Job market and you give us all $100 million for every prediction we got right! What no deal you might have to sell everything you got to pay us?

August 07 2012 at 9:00 PM Report abuse rate up rate down Reply
Iselin007

Hmm so many predictions so many right on the money predictions you wonder if Nostradamus was feeding them to certain people!

August 07 2012 at 8:55 PM Report abuse rate up rate down Reply
Karen

You righties sure get upset when anyone has good economic news to report.The stats that they are giving simply illustrate some positive trends.It will have to continue to trend in a positive direction for some time before the 8.3% unemployment rate starts to come down again,but it's easy to see what conservatives are hoping for, an Obama failure.They'd rather throw millions of struggling unemployed Americans under the economic bus just to see Romney win.They're afraid that if Obama's efforts to revive the economy succeeds despite all the republican work to block his jobs bills,Mitt's chances to win the white house will evaporate.The bad economy is really the only card he has to play.Most voters including many republicans and independents don't even like the guy,they're just hoping that a change in leadership will jump start things.They seem to suffer from short term memory loss when it comes to who's policies caused this mess in the first place.

August 07 2012 at 8:53 PM Report abuse rate up rate down Reply
1 reply to Karen's comment
Iselin007

I think FDR's record will stay a record.

August 07 2012 at 9:06 PM Report abuse rate up rate down Reply
Iselin007

What they removed the jobs boards where several predictions were posted that came true already? Damn those accurate predictions made even wiki leaks look obsolete!

Remember when the National Realtor's Association said unemployment wasn't bad enough to collapse the housing market? What happened? Why they have to bail out all those banks if that were predicted to fail as was posted here on the AOL message boards! Why they find Bin Laden in Pakistan like was predicted here several frigging years ago. I know Ossama read the board and figured they would never believe that prediction from posters! Like Governor Whitman said on Tv years ago " There are no Illegal immigrants in that community then the very same illegals were arrested! :)

August 07 2012 at 8:52 PM Report abuse rate up rate down Reply
Iselin007

Jobs on AOL how can that be true if there are millions of unemployed? It's not jobs at AOL because they went to India!

August 07 2012 at 8:34 PM Report abuse rate up rate down Reply
LBrandforgecoke*

I bet not one job was to produce consumer goods. Until Congress requires products SOLD in the US be made with the same tariffs Congress has imposed on MADE in the US, we will never again have a robust economy or any chance to reduce or control the Fed. deficit.

August 07 2012 at 8:26 PM Report abuse +2 rate up rate down Reply
1 reply to LBrandforgecoke'*s comment
Iselin007

Ever see a roster of Public service jobs lots of people with the same last name you know family etc.

August 07 2012 at 9:10 PM Report abuse rate up rate down Reply
Iselin007

I can talk my rant while you talk yours just remember who was right.

August 07 2012 at 8:17 PM Report abuse rate up rate down Reply
Iselin007

The consequences of outsourcing and uncontrolled immigration have caused a poor economy and like Dominoes countries are falling by the way side as theories crumble and fail. At least property taxes will come down as those that still have good jobs pay less as the reduced births produce less of a burden on home owners and renters.

August 07 2012 at 8:15 PM Report abuse rate up rate down Reply
hanlon1212

oh,no ! what did obama do now !?! you rightwingnuts might just to lock step in another direction, now. hey , i've got an idea - since you're all such concerned citizens, why not obsess over why the multimilliomaire that wants to lower taxes for the rich ( by 20% ) won't reveal his taxes , like his predecessors ?

August 07 2012 at 8:09 PM Report abuse rate up rate down Reply

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