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Tue Jun 19, 2012, 12:03 PM

Job Openings in U.S. Decrease by Most in Almost Four Years

Source: Bloomberg

By Michelle Jamrisko - 2012-06-19T15:04:58Z

Job openings in the U.S. decreased in April by the most in almost four years, the latest sign that the labor market is cooling.

The number of open positions dropped by 325,000, the biggest decline since September 2008, to 3.42 million from 3.74 million the prior month, the Labor Department said today in Washington. Hiring slowed from the prior month and firings climbed.

The decrease in openings coincides with the slowdown in hiring seen in April and May, signaling employers are pulling back as the economy cools. The number of jobs available is down from an average 4.46 million in the two years before the recession began, showing the labor market continues to struggle.

“The most worrisome development is this big drop in hiring,” said Harm Bandholz, chief U.S. economist at UniCredit Group in New York. “If you have the outlook that things are getting little bit better, you eventually have to hire more people. But the fact that this is not happening -- that’s worrisome.”

Read more: http://www.bloomberg.com/news/2012-06-19/job-openings-in-u-s-fell-to-3-42-million-in-april-labor-says.html

12 replies, 2457 views

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Response to Purveyor (Original post)

Tue Jun 19, 2012, 12:08 PM

1. Profits are way up....The owners are beating the shit out of their employee survivors

How about a little realism there, Mr. Bandholz? As if...

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Response to BeyondGeography (Reply #1)

Tue Jun 19, 2012, 12:15 PM

3. Higher unemployment is likelier to lead to a Romney win.

Not suggesting a conspiracy, but these kinds of economic cycles do seem related to election politics and their seasons.

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Response to closeupready (Reply #3)

Tue Jun 19, 2012, 04:21 PM

10. You can say it. They are holding back to make romney win. n/t

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Response to BeyondGeography (Reply #1)

Tue Jun 19, 2012, 01:48 PM

6. i know that i'm getting the shit beat out of me at work

i'm doing at least four diff job functions.

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Response to Purveyor (Original post)

Tue Jun 19, 2012, 12:12 PM

2. "signaling employers are pulling back as the economy cools." Bulls**t.


"Employers" are cutting jobs to tank the economy. And sitting on record profits.

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Response to democrat_patriot (Reply #2)

Tue Jun 19, 2012, 12:21 PM

4. Not sure if you noticed what is being called the "economic cliff" due to higher taxes and spending

 

Cuts on January 1st.

I've heard estimates of a 4% drop in GDP if all that goes through, including a recession.

Obama has promised to veto a straight extension of the Bush tax cuts too so he sealed his own fate regarding help for the election.

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Response to dkf (Reply #4)

Tue Jun 19, 2012, 12:53 PM

5. "obama promised..." means little or nothing in this matter lol nt

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Response to democrat_patriot (Reply #2)

Tue Jun 19, 2012, 02:50 PM

9. So, employers are taking actions which reduce their profits on purpose?

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Response to Purveyor (Original post)

Tue Jun 19, 2012, 02:00 PM

7. Depression its called Great Depression

and Austere Measures makes it worse
only when you get the people working
and give them a good quality of life


makes a GROWING economy

Marx is right
the worker WILL RISE UP

What I see when this statistics come out
is a socialist revolution occuring

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Response to lovuian (Reply #7)

Tue Jun 19, 2012, 05:41 PM

11. From their recliners, tossing aside their remote, wheezing their way down Broadway?


Don't hold your breath. We haven't thought it important to reinforce what is really important about progressive liberal ideas for at least the past 50 or 60 years, on the scale it was needed, and you are seeing that neglect play itself out today. The tools today, social networks and web sites and tv commercials will never be as powerful as standing should-to-shoulder in cooperation, fellowship, food, and song. They cater to and reinforce the very lack of understanding that we hope to combat. November will be instructive for that reason alone.

Marx lived in a time of earnest conversation. I think if Marx woke up in America today he would just go back to sleep.

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Response to Purveyor (Original post)

Tue Jun 19, 2012, 02:22 PM

8. My girlfriend's had it hard

Out for over a year while all her friends have jobs. She's really ticked about that.

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Response to Purveyor (Original post)

Tue Jun 19, 2012, 06:00 PM

12. Those of us

Who have been looking for jobs for several years (three in my case) aren't at all surprised by this news. The job market is just disgusting.

I am currently waiting for a callback from a minimum-wage position as a food prep helper in a small restaurant, and I just returned from a two-hour excursion by bus to sell some more books, among them the dictionary and thesaurus I've had since college (surprisingly, the bookstore bought them). Haven't got much left to sell, honestly. I hope I find a job soon... before Sallie Mae repossesses my education.

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