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Hiring hits fastest pace in almost 6 years
NEW YORK (MarketWatch) -- U.S. employers recently hiked their hiring to the fastest monthly pace in almost six years, a healthy sign for the U.S. labor market, according to government data released Tuesday morning.
There were 4.71 million hires in April -- the most since June 2008 – and up 6% from a year earlier and, according to the U.S. Labor Department’s most recent monthly look at labor-market churn. When the recession started at the end of 2007, there were about 5.04 million hires per month.
Tuesday’s data followed a promising labor-market report last week showing that the economy’s jobs growth this year has been faster than a year earlier.
And workers’ opportunities look to be improving, too. There were 4.46 million job openings in April – the most since September 2007 – up 17% from a year earlier. Meanwhile, the number of unemployed dropped 17%, so workers face less competition for available spots.
http://www.marketwatch.com/story/hiring-hits-fastest-pace-in-almost-6-years-2014-06-10?link=MW_pulse
Hopefully things are getting better. It looks good.
