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Bureau of Labor Statistics: Hiring Falls for Third Straight Month

Bureau of Labor Statistics: Hiring Falls for Third Straight Month

Ammer Gondal waits to see a recruiter during a job fair hosted by the Gregory Jackson Center for Brownsville in Brooklyn, NY. (AP Photo/Mark Lennihan)

By    |   Wednesday, 07 December 2016 03:27 PM

Hiring fell in October down to just below 5.1 million jobs, the third month in a row for that decline, according to the Bureau of Labor Statistics.

The Washington Examiner reported that hiring is lower than one year ago and has been trending downward. The bureau's report showed that new job vacancies, gross hiring, and those who quit jobs had made no movement or were down for October, the month of the statistics.

Fewer workers may be available to be hired, the Examiner said. In October, the month of the report, there were 7.8 million unemployed workers, which means that for every job opening, there were only 1.4 unemployed job seekers.

Jobs are still being created, the Examiner's report said — advertised job openings were at 5.5 million. The all-time high was in April, which had 5.8 million.

Total job separations are on the decline as well as in each of the last three months; showing that employers are less willing to let go of employees they have, according to the Examiner.

"Even if the new administration creates some uncertainty among corporate forecasters, most employers are in a strong enough position… to take a wait-and-see approach when planning for next year," John Challenger of outsourcing company Challenger, Gray & Christmas said in U.S. News and World Report

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Hiring fell in October down to just below 5.1 million jobs, the third month in a row for that decline, according to the Bureau of Labor Statistics.
jobs, report, hiring, falls, bureau of labor statistics
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2016-27-07
Wednesday, 07 December 2016 03:27 PM
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