Posted on 04/13/2011 9:38:20 AM PDT by Gondring
WASHINGTON (AP) - U.S. businesses in February posted the largest number of job openings in more than two years, evidence that hiring is picking up as the economy grows.
The Labor Department said Wednesday that employers advertised 3.1 million available jobs that month, the most since September 2008. That was the height of the financial crisis, when Lehman Brothers collapsed.
The competition for those jobs is easing, though still intense. The department's report shows that there were 4.4 people, on average, competing for each available job in February. That's down from nearly 7 in July 2009, but still above the approximately 2 to 1 ratio that exists in a healthy economy.
[...]
Job openings are usually filled within one to three months after posting, which means the report can be an indicator of future hiring activity. If that holds true, April could be another strong month for job growth.
[...]
Openings rose sharply in professional and business services, which include accountants, legal services and temporary help agencies. Education and health care and hotels and restaurants also posted big jumps in job postings. Openings in state and local governments, which fell sharply last month, edged up slightly.
[...]
(Excerpt) Read more at money.msn.com ...
Please close. I did a search and it didn’t come up, but it seems someone posted in the meantime.
http://www.freerepublic.com/focus/f-news/2704143/posts
McDonalds is hiring 50,000 people...just after they received an Obamacare waiver. Just a coincidence, I’m sure...
“posted” is the key word. A vast number of job openings are never posted. I suspect that the ratio of posted to unposted fluctuates with the number of posted going down much faster in slumps and rising much faster in growth periods.
In other words, job preference by both employer and employee is for the unposted jobs. Only when the pool of people finding the unposted jobs does not meet the demand for employees does the number of posted jobs increase to that broader, less motivated pool of unemployment comp wannabes.
Good news if you’re looking for a job at McDonald’s.
Recovery in the “real job” market continues to elude America.
I am in manufacturing. Requests for quotes have surged. Orders have surged. I may be forced to hire more workers if this keeps up.
The BAD NEWS: It’s Porkulus money. The maladministration is spending what they held back in an attempt to boost the economy. Obama will be toast in 2012 if the unemployment rate does not fall.
Will the bond market, rising interest rates, inflation, and rising crude kill the economy before 2012? My bet is YES. The Republicans need to fight to stop the fiscal insanity. Bernanke is reconsidering QE*N because he can see that monetary stimulus cannot fix structural problems.
In the meantime, make hay while the sun shines...and don’t be fooled by the lies of the Left.
Assuming this is actually true, the jobs will be much lower pay with significantly scaled back benefits. Jobs are available, but the wealth creating American economy has taken a severe hit from this president.
This reminds me of the shady online timeshare resales sleazebags who instead of posting their actual sales numbers they post how many units available for sale (as if this proves anything).
Same thing here. Not actual hires. But how many jobs posted (including part time, temp, contract, min wage).
“McDonalds is hiring 50,000 people...just after they received an Obamacare waiver. Just a coincidence, I’m sure...”<<<<<<<<<<<<<<<<<<<
Even Obama voters need jobs!
Look at it from a pure economics point of view. Because the government gave them a wavier and reduced their costs, Mc Donald is able to hire more people.
To make it real simple for people in Rio Linda .......cut government related cost and you increase employment which increases GNP, which grows the economy which increases revenue to the government.
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