Tags: job | openings | hiring | economy

US Job Openings, Hiring Rise Slightly in May

Tuesday, 09 July 2013 12:37 PM EDT

U.S. employers advertised slightly more job openings in May and total hiring increased, further signs of steady improvement in the job market.

The Labor Department says job openings rose 28,000 to 3.83 million in May from April. That's close to February's 3.9 million, which was the highest in five years.

A measure of gross hiring, which includes hiring in May but does not subtract layoffs or quits, increased 46,000 to 4.4 million. That's still lower than a year ago.

The job market remains competitive, despite stronger hiring this year. There are nearly 3.1 unemployed, on average, for each open job. That's down from a peak four years ago of nearly 7 to 1. In a healthy economy, the ratio is typically 2 to 1.

© Copyright 2024 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


Economy
U.S. employers advertised slightly more job openings in May and total hiring increased, further signs of steady improvement in the job market.
job,openings,hiring,economy
124
2013-37-09
Tuesday, 09 July 2013 12:37 PM
Newsmax Media, Inc.

Sign up for Newsmax’s Daily Newsletter

Receive breaking news and original analysis - sent right to your inbox.

(Optional for Local News)
Privacy: We never share your email address.
Join the Newsmax Community
Read and Post Comments
Please review Community Guidelines before posting a comment.
 
Get Newsmax Text Alerts
TOP

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