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Tue Dec 11, 2012, 11:15 AM

Job Openings in U.S. Rose in October to Four-Month High

Source: Bloomberg

By Shobhana Chandra - Dec 11, 2012
Job openings in the U.S. climbed in October to a four-month high, indicating the labor market is on the mend.

The number of positions waiting to be filled rose by 128,000 to 3.68 million from a revised 3.55 million the prior month, the Labor Department said today in Washington. Hiring also increased.

The pickup in openings lays the ground for the job growth needed to sustain consumer spending, which accounts for about 70 percent of the economy. At the same time, the lack of stronger employment prospects and a jobless rate that remains elevated help explain why Federal Reserve policy makers, meeting today and tomorrow, are weighing additional easing to spur growth.

“There’s improvement,” Ryan Sweet, a senior economist at Moody’s Analytics Inc. in West Chester, Pennsylvania, said before the report. Even so, “the progress on payrolls is nothing to be excited about,” and “the Fed is taking aim at the high unemployment rate,” he said.

Read more: http://www.bloomberg.com/news/2012-12-11/job-openings-in-u-s-rose-128-000-in-october-hiring-climbed.html

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Reply Job Openings in U.S. Rose in October to Four-Month High (Original post)
Purveyor Dec 2012 OP
fasttense Dec 2012 #1
coalition_unwilling Dec 2012 #2

Response to Purveyor (Original post)

Tue Dec 11, 2012, 11:31 AM

1. Oh, those seasonal temporary retail sales jobs

where you work your ass off for practically nothing in pay.

"Employment in November may have gotten a lift as businesses stepped up hiring for the holidays. Macy’s Inc. (M), the second-biggest U.S. department-store chain, said it would add about 2,000 more seasonal workers than the 78,000 it hired last year. Toys ‘R’ Us Inc., the world’s largest toy retailer, reported plans to employ 45,000 temporary staff, up 5,000 from the 2011 season."

Just the ticket to another low paying, crap job.

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Response to Purveyor (Original post)

Tue Dec 11, 2012, 12:37 PM

2. The article you link to illustrates Disraeli's observation that there are "lies,

 

damned lies and statistics."

First of all, the article nowhere references this supposed Labor Department report. Instead, its hyperlinks link back to it or to Bloomberg and frequently produce '404 File not Found' error messages.

So there is no practical way to evaluate the accuracy of the reporter's version of the truth.

Instead, here is what I found at the BLS website just now:

Job Openings and Labor Turnover Survey

December 11, 2012

There were 3.7 million job openings on the last business day of October, little changed from September. The hires rate (3.2 percent) and the separations rate (3.1 percent) were also little changed in October. More...


http://www.bls.gov/jlt/

*****************

"Little changed" is what I read in the BLS news release, but maybe I'm just being too logo-centric.

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