US employers post fewest job openings in 5 months in September; layoffs also fall

AP - Washington Post ^ | 11/06/2012 | Lynne Sladky

[stocksthatgoup]

WASHINGTON — U.S. employers posted fewer job openings in September after advertising more in August than first estimated. The report suggests hiring will likely remain modest in the coming months.

The Labor Department said Tuesday that job openings dropped by 100,000 to 3.56 million, the fewest in five months. August’s openings were revised up to 3.66 million.

...... The number of available jobs has jumped about 63 percent since July 2009, one month after the recession ended. It remains well below the more than 4 million jobs a month advertised before the recession began in December 2007.

The job market remains very competitive. With 12.1 million people unemployed in September, there were 3.4 unemployed people, on average, competing for each open job. In a healthy economy, that ratio is roughly 2 to 1.

[stocksthatgoup]

Employers filled fewer available positions in September than in August. And the number of people who quit fell to the lowest level in 10 months. That’s a bad sign for the job market, because it suggests workers see fewer opportunities to move to a better job. Workers tend to quit when they have other job offers.

[Flightdeck]

At this point, I think Congress should allow Obama to raise taxes on the wealthiest Americans. All of us here know the consequences of this action: zero effect on national debt, higher unemployment, and economic contraction.

With their BS strawman tax argument off the table, the dems would own the disastrous results. I would feel bad for any conservatives that lost their jobs, but that’s where we are headed anyway at this point.

[scooby321]

Get used to it

[blueplum]

don’t worry - didn’t you hear Zero last night? he’s gonna tap into Romney’s brain to create jobs for America.

back to reality...yoot unemployment of 70% can’t happen fast enough to suit me - wait until the grandkids come begging for money - they’re gonna hear an old expression been around forever - you made your bed, now lie in it. hehehe.

[Hillarys Gate Cult]

Those that were hanging on by a fingernail hoping for a better business climate under Romney will now start closing. Many more jobs that were salary will now go to part time hourly at 29hrs to get in under the Obamacare cap.

[Hillarys Gate Cult]

Those that were hanging on by a fingernail hoping for a better business climate under Romney will now start closing. Many more jobs that were salary will now go to part time hourly at 29hrs to get in under the Obamacare cap.