Tags: jolt | job openings | employment | labor

Job Openings Rose by 181,000 in December to 5.03 Million

Tuesday, 10 Feb 2015 10:19 AM


Job openings in the U.S. rose to the highest level since 2001 as employers faced improving demand for their goods and services.

The number of positions waiting to be filled in the U.S. increased by 181,000 to 5.03 million in December from a revised 4.85 million the month before, the Labor Department reported Tuesday in Washington. The pace of hiring increased.

Employment has accelerated in the past year, helping drive confidence and fueling sales. Continued strength in hiring will probably help spur a pickup in wage growth, which has been slow to materialize throughout the recovery.

“All of a sudden we’ve seen this pretty substantial improvement in the churning in the labor market,” Guy Berger, U.S. economist at RBS Securities Inc. in Stamford, Connecticut, said before the report.

“We’re still waiting on the evidence for wage growth to come through, but in general, churn is one thing that helps boost wage growth.”

The median forecast in a Bloomberg survey projected there would be 4.98 million openings in December, little changed from a previously reported 4.97 million the month before.

The Job Openings and Labor Turnover Survey, or JOLTS, adds context to monthly payrolls figures by measuring dynamics such as resignations, help-wanted ads and the pace of hiring.

Although it lags the Labor Department’s other jobs data by a month, Federal Reserve Chair Janet Yellen follows the report as a measure of labor-market tightness and worker confidence.

© Copyright 2017 Bloomberg News. All rights reserved.

 
1Like our page
2Share
Economy
Job openings in the U.S. rose by 181,000 to 5.03 million in December from a revised 4.85 million in the month before, the Labor Department reported.
jolt, job openings, employment, labor
236
2015-19-10
Tuesday, 10 Feb 2015 10:19 AM
Newsmax Inc.
 

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved