The economic news released by bureau of labor statistics today i.e. Tuesday, January 12, 2010 has something very different and opposite to what most of us are thinking. As per all the current news and posts the economy is recovering but it seems it must be recovering on some specific segments. There are less than 50% jobs for the officially unemployed 15.3 million US citizens.
Job Openings and Labor Turnover – November 2009 There were 2.4 million job openings on the last business day of November 2009, the U.S. Bureau of Labor Statistics reported today. The job openings rate was little changed over the month at 1.8 percent. The openings rate has held relatively steady since March 2009. The hires rate (3.2 percent) and the separations rate (3.3 percent) were essentially unchanged in November. This release includes estimates of the number and rate of job openings, hires, and separations for the total nonfarm sector by industry and geographic region. Job Openings The job openings rate was little changed in November at 1.8 percent. After falling steeply from mid-2007 through February 2009, the job openings rate has been steady at 1.8 percent or 1.9 percent since March 2009. The number of job openings fell by 2.3 million from the most recent peak in June 2007 to April 2009 but has declined by only 98,000 since. The job openings rate was essentially unchanged in all industries and all four regions in November. Read the detailed report at bls website.
