US employers advertise most jobs in 5 1/2 years, quits also rise, yet hiring sluggish
WASHINGTON - U.S. employers advertised more jobs in November and more Americans quit, positive signs for millions who are unemployed and looking for work.
The Labor Department says job openings rose 1.8 per cent to 4 million, the most in 5 1/2 years. And the number of people quitting increased 1.9 per cent to 2.4 million, a five-year high.
More job openings and quits suggest greater opportunities for the unemployed. But those positive trends haven't recently translated into additional hiring. Overall hiring ticked up just 0.2 per cent to nearly 4.5 million.
The figures also follow a disappointing report on December job growth. The government last week said employers added just 74,000 jobs in December. That's the fewest in three years and below an average gain of 214,000 in the previous three months.
Read more Business News
- $6M for Innovation CentreKelowna - 11:37 am
- Sharing fruits of their labourPenticton / S. Okanagan - 3:24 pm
- Casino wants to moveBC - 2:18 pm
- NYC shootoutWorld - 2:27 pm
|QHR Technologies Inc||1.15||0.00|
|Anavex Life Sciences||0.265||-0.01|
|Copper Mountain Mining||2.97||+0.15|
|Sunrise Resources Ltd||0.02||-0.03|
|Mission Ready Services||0.19||+0.01|
Photo: Thinkstock.comWays to reduce your Debt:Make a budget and get budget counselingA basic first step for debt reduction is to prepare a budget and plan your spending. Once you have a budget, you mu...
The Big Picture Geopolitical tensions rattle markets The spectre of rising geopolitical tensions in Ukraine and Gaza cast a shadow over an otherwise positive week in the markets. News that a passenger...
The mainstream media are finally waking up to something unusual in British Columbia – a labour shortage. If the experience of Alberta is a guide to our own future, the highly skilled labour will...