clear
Sunday February 14th, 2016 12:05PM

US job openings slip in March after strong gain

By The Associated Press
WASHINGTON (AP) -- U.S. employers advertised slightly fewer jobs and slowed hiring a bit in March, though the declines came after healthy gains the previous month. The figures suggest the job market is improving in fits and starts.

The Labor Department said Friday that employers posted 4 million jobs in March, down 2.7 percent from February. But February's total nearly matched November's for the highest level of openings since January 2008, when the Great Recession was just beginning.

The report also showed that February's data for hiring and quits was revised much higher, indicating that the job market was in better shape that month than initially estimated. It's a good sign when more people quit their jobs, because most people do so to take a new position, frequently at higher pay.

Quitting also opens up a position that someone out of work can take.

The number of people quitting their jobs in both February and March reached the highest level since July 2008, Friday's report said.

Total hiring, meanwhile, dipped 1.6 percent to 4.63 million in March. That's below the 5 million monthly hires that are typical for a healthy job market. But it's 7.5 percent higher than 12 months earlier.

And nearly 4.7 million people were hired in February, almost matching September's total, which was the most since June 2008.

"Overall, despite the decline in vacancies, the fundamentals of the labor market continue to improve, supporting steady recovery," said Jeremy Schwartz, an analyst at Credit Suisse.

Last week, the government said that employers added 288,000 jobs in April, the most in 2 1/2 years, and the unemployment rate fell to 6.3 percent from 6.7 percent.

Friday's report, known as the Job Openings and Labor Turnover survey, offers a more complete picture of the job market. It includes additional data on the number of people quitting or being laid off. And it reports figures for overall hiring. The monthly jobs report provides a net total of job gains or losses.

The additional data in the JOLTs report illustrates how much turnover is happening in the job market. Stronger job markets usually include a greater amount of churn, with more people quitting and greater overall hiring.

Janet Yellen, chair of the Federal Reserve, has said the central bank monitors the job openings, quits and hiring figures as key indicators of the job market's health. The figures help the Fed decide how to manage short-term interest rates and other efforts to foster financial stability.

There are about 2.6 unemployed Americans for each open job, the report shows. That average has slowly been approaching the 2 to 1 ratio that is typical of healthier economies. It reached 6.7 in July 2009, just after the recession ended.
© Copyright 2016 AccessWDUN.com
All rights reserved. This material may not be published, broadcast, rewritten, or redistributed without permission.
Judge denies motions to move, delay Tsarnaev trial
Lawyers for Boston Marathon bombing suspect Dzhokhar Tsarnaev asked a federal appeals court Wednesday to overturn a judge's decision to not move his upcoming trial out of state.
10:02PM ( 1 year ago )
High court to adopt electronic filing of cases
The Supreme Court is belatedly developing an electronic filing system similar to those used in courts around the country, Chief Justice John Roberts said Wednesday in his annual end-of-year report.
7:57PM ( 1 year ago )
Storm brings snow, cold to West for New Year's
A blustery winter storm dumped snow and ice across the West on Wednesday, making driving treacherous in the mountains from California to the Rockies and forcing residents and party-goers in some usually sun-soaked cities to bundle up for a frosty New Year's.
5:19PM ( 1 year ago )
U.S. News
State DOT awards $48M contract for NE Ga. road project
The state Department of Transportation has awarded a $47.8 million contract for nine miles of work on a northeast Georgia road.
9:37AM ( 1 year ago )
Business News
Grass fire impacts rush hour traffic on 985
Rush hour traffic on I-985 was slowed by a grass fire Wednesay afternoon with one lane closed while firefighters fought the blaze.
10:19PM ( 1 year ago )
Hall County conviction, sentencing to be reviewed by SCOGA
The State Supreme Court has agreed to hear the appeal of a Hall County man when they reconvene in January.
2:37PM ( 1 year ago )
Maysville man dies from Banks County wreck
The Georgia State Patrol reports that alcohol and/or drugs were factors a single-vehicle wreck that claimed the life of a Maysville man in Banks County Tuesday night.
11:07AM ( 1 year ago )
Local/State News
U.S, Cuba to resume commercial flights for 1st time in 50 years
The United States and Cuba will sign an agreement next week to resume commercial air traffic for the first time in five decades, starting the clock on dozens of new flights operating daily by next fall, U.S. officials said Friday.
By The Associated Press
9:35PM ( 1 day ago )
New details about the possible effects of the Zika virus on the fetal brain are emerging
WASHINGTON (AP) — New details about the possible effects of the Zika virus on the fetal brain emerged Wednesday as U.S. health officials say mosquito eradication here and abroad is key to protect preg...
6:22PM ( 3 days ago )
President Barack Obama is asking Congress for more than $1.8 billion in emergency funding to help fight the Zika virus
WASHINGTON (AP) — President Barack Obama is asking Congress for more than $1.8 billion in emergency funding to fight the Zika virus and the mosquitoes that spread it here and abroad, but says "there s...
10:40PM ( 5 days ago )
Search for Missouri couple wanted for crimes across the South, including Ga., ends with one suspect dead and the other wounded
A weeklong search for a Missouri couple wanted in a series of robberies and abductions across the South ended with one suspect dead and the other wounded Friday, after authorities say they chased the pair across the highway and through a rural neighborhood and exchanged gunfire with them in Florida's Panhandle.
By The Associated Press
9:57PM ( 1 week ago )
Cheap oil will be sticking around for a while, buoying consumers, frustrating oil producers
Cheap oil will be sticking around for a while.That reality is wreaking havoc and causing uncertainty for some governments and businesses, while creating financial windfalls for others. Less expensive...
6:18PM ( 1 week ago )