Saturday October 10th, 2015 1:21AM

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 2015 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 ( 9 months 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 ( 9 months 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 ( 9 months 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 ( 9 months 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 ( 9 months 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 ( 9 months 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 ( 9 months ago )
Local/State News
UN is next stop for Obama after success with Iran, pope; top issues are IS, Syria, Russia
NEW YORK (AP) — Fresh from successes on Iran and with the pope, President Barack Obama still carried heavy burdens into critical meetings this week at the U.N. General Assembly.They include the threat...
3:31PM ( 1 week ago )
Stunning Congress, House Speaker Boehner announces plans to resign; tea party declares victory
WASHINGTON (AP) — Plunging Congress into deeper turmoil, House Speaker John Boehner abruptly announced his resignation Friday, shutting down a tea party drive to depose the nation's highest-ranking Re...
6:14PM ( 2 weeks ago )
Tornado heavily damages 10 homes but causes no injuries on island in South Carolina
JOHNS ISLAND, S.C. (AP) — A tornado quickly blew through a neighborhood on the South Carolina coast early Friday and blew out windows, knocked down trees and heavily damaged ten homes.The tornado touc...
5:08PM ( 2 weeks ago )
Caterpillar says it may cut more than 10,000 jobs by 2018, lowers 2015 revenue expectation
Caterpillar is planning another round of job cuts that could exceed 10,000 people through 2018, as the construction and mining equipment maker adjusts to downturns in key markets.That could amount to...
10:06AM ( 2 weeks ago )
Escaped tarantula grounds Atlanta-bound flight in Baltimore
An eight-legged creature that escaped in the cargo hold of a passenger flight from Baltimore-Washington International Airport to Atlanta's Hartsfield-Jackson International grounded the plane and sent passengers onto another flight.
By The Associated Press
9:06AM ( 2 weeks ago )