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Job Openings in U.S. Rose in July by 178,000 to 3.04 Million
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| Contributor | Servo |
| Last Edited | Servo Sep 08, 2010 02:26pm |
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| Category | News |
| Author | Shobhana Chandra |
| News Date | Wednesday, September 8, 2010 08:25:00 PM UTC0:0 |
| Description | Job openings in the U.S. rose in July, a sign some employers are getting ready to expand as the world’s largest economy recovers, a government report showed.
Openings increased by 178,000 to 3.04 million, the Labor Department said today in Washington. The number of people hired fell from the prior month and separations decreased.
Companies added 67,000 jobs in August, more than forecast, after a 107,000 gain in July that was more than initially estimated, the Labor Department said last week. The jobless rate, which rose to 9.6 percent last month, will still take time to decline, restraining consumer spending and the economy.
“We’ll see a very gradual reduction in the unemployment rate,” Ken Mayland, president of ClearView Economics LLC in Pepper Pike, Ohio, said before the report. “Private hiring is still on the anemic side.” |
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