Thursday, June 21, 2012

Number Of Job Openings Declines

From CNN Money:


The number of job openings fell in April, the Labor Department reported Tuesday, another sign of weakness in the U.S. labor market.

The report showed 3.4 million open positions for the month, down 8.7% from the 3.7 million openings in March.

The drop in available jobs means there are 3.7 unemployed job seekers for each opening, up from 3.4 in March, meaning there is greater competition for the available jobs.

While that's a big improvement from the record high of 6.7 unemployed people for each opening in July 2009, it's far worse than the 1.6 unemployed per opening in November 2007, the month before the recession began.

Read the whole thing here.