The Labor Department announced on Tuesday that the number of positions waiting to be filled in the U.S. rose in September to the highest level in more than three years. Job openings increased by 225,000 to 3.35 million, the most since August 2008.
Hiring also advanced by 185,000 to 4.25 million.
Last Thursday the government announced that payrolls grew by 80,000 workers in October, and that gains in the prior two months were revised up, by nearly 102,000 positions.
In the 12 months ended in September, the recovery has now created a net 1.3 million jobs, from a gross total of 48.3 million new hires.
Tuesday, November 8, 2011
Job Openings Now at Highest Level in Over Three Years
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Do you think the Euro crisis will ever be solved or are we just going to have to see what happens when the defaults start happening? It sure doesn't seem like they have a clue over there how to fix the problem other than cutting their debt, which they don't seem able to do in a way that will impress the markets.
ReplyDeleteBill,
ReplyDeleteI think your implication may be correct. There may never be a "solution" other than to let some of the financial excesses "right" themselves by default.
When they do, I'm sure there will be a silver lining somewhere. ;-)
I would like to comment about the current condition of the american economy. This is one of the hardest periods in the countries history. Their does not seem to be any consensus about the trends for the economy one week the economic news is good the next week its bad. Their seems to be no consistency what so ever when it comes to economic matters. Mcdonald’s recently hired fifty or sixty thousand people out of one million that applied maybe mcdonald’s should change their saying you deserve a break today at mcdonald’s to you deserve a job today at mcdonald’s. As far as those banksters go I say lets exchange those three piece suits and briefcases for a pick' a shovel' a bucket' and some pinstripes. Inflation Is the primary reason for much of the growing income inequality between the rich and the poor. It is also I believe the cause of the decline of the middle class. When ever the employing class and by Employing class I Mean anyone or any company That hires personal And gives them a regular paycheck. Their is always a tendency to undercompensate your personal less and less over time simply because when prices rise wages generally lag increases in prices at least for a substantial portion of the working population. Workers do not have much ability to control their wages and benifits. But companies that employ personal have much to say about the wages and benifits that their employees receive. Companies have been undercompensating their personal for decades in an attempt to increase their bottom lines. They have been systematically undercompensating their personal less than the increase in prices on purpose. The result is many workers have little income left over for any purpose other than basic needs food' rent' necessary clothing' utilities' medical bills' Its no wonder that the economy is in serious trouble.
ReplyDeleteDennis,
ReplyDeleteWhat you will find here is that we will constantly look for the silver lining on this blog.
What you will find here is our take -- the economy is on the mend.