clear
Thursday July 30th, 2015 11:09PM

US employers posted fewer open jobs in July

By The Associated Press
WASHINGTON - U.S. employers posted fewer jobs in July than in June, further evidence that hiring may stay weak in the coming months.

Job openings fell to a seasonally adjusted 3.67 million, the Labor Department said Tuesday. That down from June's 3.72 million job openings, which was revised lower.

The data follow Friday's disappointing employment report, which said the economy added only 96,000 jobs in August. That's below July's total of 141,000 and the average 226,000 a month added in the first three months of the year. The unemployment rate fell to 8.1 percent from 8.3 percent, but only because the number of people working or looking for work fell.

The drop in available positions has made job hunting more competitive. Nearly 12.8 million people were unemployed in July, meaning 3.5 people were competing for each open position.

While that's down from a post-recession high of 7 to 1 in July 2009, in a healthy economy the ratio is usually 2 to 1.

Job openings have increased 68 percent from 2.2 million over the past three years. But companies aren't filling them quickly. Total hiring has increased only 11 percent in that stretch.

There are several reasons companies aren't hiring faster, economists say. Companies may not be offering sufficient pay to entice workers to take the jobs. Some employers say they can't find enough skilled workers in certain industries, such as information technology.

Businesses are also worried about Europe's financial crisis, slowing growth in China and the pending expiration of tax breaks in the United States.

Jeff Joerres, chief executive of ManpowerGroup, an employment services firm, said those trends are making even healthy companies reluctant to hire.

"It's all I hear about," he said. Some of his company's clients say, "Our business is good, but we're worried," he added.

Employers are still posting fewer jobs than before the recession, when they advertised about 4.4 million a month.

In July, the number of available jobs fell in manufacturing, health care, and professional and business services, a category that includes engineers, accountants and lawyers.

The government's monthly employment report measures net hiring.

Tuesday's report, known as the Job Openings and Labor Turnover survey, shows the amount of hiring and firing that takes place in the U.S. each month. It provides more details than the monthly jobs report.

It also highlights one reason the job market remains weak. Layoffs have fallen steadily recently, but companies aren't stepping up hiring.

Layoffs fell to 1.6 million in July. That's the lowest level in the 10 years the government has tracked the data. It shows companies aren't cutting jobs, despite their worries about future growth. It's also likely why weekly applications for unemployment benefits have trended down recently.

But they aren't adding many either.

Overall, employers hired 4.2 million people in July, down from almost 4.3 million in the previous month. Before the recession, total hires routinely topped 5 million.
© Copyright 2015 AccessWDUN.com
All rights reserved. This material may not be published, broadcast, rewritten, or redistributed without permission.
Doctors: Blood clot located in Clinton's head
Secretary of State Hillary Rodham Clinton developed a blood clot in her head but did not suffer a stroke or neurological damage, her doctors said Monday. They say they are confident that she will make a full recovery.
3:55PM ( 2 years ago )
Illinois Sen. Kirk to return a year after stroke
Nearly a year after a stroke left him barely able to move the left side of his body, U.S. Sen. Mark Kirk is expected to climb the 45 steps to the Senate's front door this week - a walk that's significant not just for Illinois' junior senator, but also for medical researchers and hundreds of thousands of stroke patients.
3:54PM ( 2 years ago )
U.S. News
Ga. ethics legislation could end free tickets
General Assembly approval next year of a proposed ethics reform measure could endanger an important fall tradition for Georgia lawmakers - free football tickets.
6:26PM ( 2 years ago )
Abortion restrictions, tax changes loom in Ga.
Tax breaks for manufacturers and higher unemployment taxes for employers take effect with the new year in Georgia, but it remains to be seen whether the state's newest abortion restrictions will be enforced.
6:23PM ( 2 years ago )
Business News
Couch names administrative team
Ahead of his scheduled swearing in Friday, Hall County Sheriff-elect Gerald Couch named his top administrative team Monday.
6:28PM ( 2 years ago )
Tech beats Southern California in Sun Bowl
Tevin Washington threw a touchdown pass and ran for another score to help Georgia Tech beat Southern California 21-7 on Monday in the Sun Bowl.
5:54PM ( 2 years ago )
Hall Co. officials launch health-based initiative for employees
Hall County officials believe healthy county employees will be of greater service to the county. With that in mind, they have created a health-based fitness initiative to provide free fitness training for county workers.
5:46PM ( 2 years ago )
Local/State News
Rescuers hope for 'best-case scenario' for boys lost at sea
WEST PALM BEACH, Fla. (AP) — Mustering hope for a "best-case scenario" in the face of countless unknowns, search crews braced for a seventh day and night at sea Thursday in the hunt for two teenagers...
6:22PM ( 4 hours ago )
Congress heading on vacation, putting off messy decisions
WASHINGTON (AP) — Congress is heading out for a five-week summer recess in anything but a cheerful vacation mood, leaving behind a pile of unfinished business that all but guarantees a painful fall.No...
5:43PM ( 5 hours ago )
Democrats consider distance from Jefferson, Jackson
CONCORD, N.H. (AP) — Democratic parties in the three states that start the presidential nominating process are exploring ending their association with two former White House occupants: Thomas Jefferso...
4:41PM ( 6 hours ago )
Afghan Taliban confirm Mullah Omar's death, choose successor
KABUL, Afghanistan (AP) — The Taliban confirmed the death of longtime leader Mullah Mohammad Omar and appointed his successor Thursday, as a new round of peace talks was indefinitely postponed amid co...
4:19PM ( 6 hours ago )
3.3 million dry erase boards recalled after due to cut risk
NEW YORK (AP) — Acco Brands Corp. is recalling about 3.3 million wall-mounted dry erase boards after customers said they cut their hands, fingers and feet while removing the board from a wall.The U.S....
12:33PM ( 10 hours ago )