TribLIVE

| Business


 
Larger text Larger text Smaller text Smaller text | Order Photo Reprints

Job openings, overall hiring reach 5-year highs in September

On the Grid

From the shale fields to the cooling towers, Trib Total Media covers the energy industry in Western Pennsylvania and beyond. For the latest news and views on gas, coal, electricity and more, check out On the Grid today.

Daily Photo Galleries

By The Associated Press
Saturday, Nov. 23, 2013, 12:01 a.m.
 

WASHINGTON — Job openings and overall hiring reached five-year highs in September, signaling steady improvement in the job market.

Job postings rose 69,000 to a seasonally adjusted 3.9 million, the Labor Department said Friday. That's the most si nce March 2008, just a few months after the Great Recession began. It's also close to the roughly 4 million job openings each month that are consistent with healthier job markets.

Total hiring increased 26,000 to 4.6 million, the highest level since August 2008. The gain suggests employers are not only posting more jobs but are also taking greater steps to fill them.

September's total hiring is still below the roughly 5 million people who are typically hired in sturdier job markets.

The number of people who quit their jobs in September dipped from August but was still about 15 percent higher than a year earlier. People usually quit their jobs when they have another one lined up or are certain they can find one. More quits is a sign of confidence in the job market.

The growth in hiring, job openings and quits points to more movement in the job market, which can create opportunities for those out of work or who are looking for another job.

It also shows that competition for jobs is easing. There were 2.88 unemployed people, on average, for each available job in September. That's the lowest since August 2008 and down from 7 to 1 in July 2009, just after the recession ended. In a healthy economy, the ratio is usually about 2 to 1.

Unemployment is still high at 7.3 percent. But other reports suggest the job market is healing.

Earlier this month, the government's October employment report said the economy added an average of 202,000 jobs a month from August through October. That's up sharply from an average of 146,000 in May through July.

Those figures reflect net payroll gains, which are the total number of people hired minus those who were laid off, quit or retired. The net gain can increase just because fewer workers are laid off, even if hiring is flat.

 

 
 


Show commenting policy

Most-Read Business Headlines

  1. How to avoid Amazon and still get deals
  2. Bayer profit edges higher, raises forecasts
  3. Strengthening U.S. growth reflects help from Federal Reserve
  4. Sweet tooth will cost you more next year
  5. Mylan’s 3Q profit triples on strong U.S. sales
  6. Profit falls at vitamin retailer GNC Holdings in third quarter
  7. Radiation detection of drilling waste nearly set at W.Va. landfills
  8. Roundup: WesBanco to acquire ESB Financial for $324M; PNC to replace credit cards used during Home Depot breach; more
  9. Marcellus shale boom lifts Civil & Environmental Consultants of Robinson
  10. Health care law compliance complex for employers
  11. Range Resources reports $146M in Q3 profits on record Marcellus production
Subscribe today! Click here for our subscription offers.