clearn.png
Sunday April 21st, 2019 8:51PM

US job openings jump to record high of 7.3 million

By The Associated Press
Related Articles
  Contact Editor

WASHINGTON (AP) — U.S. employers posted the most open jobs in December in the nearly two decades that records have been kept, evidence that the job market is strong despite several challenges facing the economy.

The Labor Department said Tuesday that job openings jumped 2.4 percent in December to 7.3 million. That is the most since records began in December 2000. It is also far greater than the number of unemployed, which stood at 6.3 million that month.

Businesses have shrugged off a variety of potential troubles for the economy in the past two months and kept on hiring. The 35-day partial government shutdown began Dec. 22, and growth in China, Europe and Japan has weakened, threatening U.S. exports. Still, employers added 304,000 jobs in January, the government said earlier this month, the most in nearly a year.

The jump in openings in December suggests hiring will likely remain robust. Openings are typically filled within 1 to 2 months. The surge in available jobs indicates that businesses expect demand to remain healthy and that they will need more employees to meet it.

Tuesday's data also showed that employers boosted hiring in December, while the number of people who quit remained unchanged at a healthy level of about 3.5 million. Higher quits are typically sign of a dynamic job market, as most people quit to take a new job.

The number of unemployed typically runs far ahead of job openings, but that switched early last year.

That could mean potentially stronger wage gains are in store in the months ahead. With job postings so high at a time that the unemployment rate is at a very low 4 percent, businesses may be forced to pay more to attract the workers they need.

Paychecks are already increasing, though at a modest pace. Average hourly pay rose 3.2 percent in January from a year earlier, the government said earlier this month. That's near December's figure of 3.3 percent, which matched the best pay gain in almost a decade. Still, wage increases typically top 4 percent when the unemployment rate is this low.

Many industries with the biggest increases in job openings include mostly lower-paying jobs. Restaurants and hotels advertised more than 1 million jobs, 84,000 more than in November. Health care job postings rose 79,000 to 1.2 million.

Some higher-paying industries also did well. Professional and business services, which include jobs in fields such as architecture and engineering, rose 82,000 to 1.34 million.

Available jobs in manufacturing, meanwhile, fell 67,000 to 428,000. They also dropped in retail and financial services.

  • Associated Categories: Local/State News, Associated Press (AP), AP National News, AP Online National News, Top General short headlines, AP Business, AP Business - Economy
© Copyright 2019 AccessWDUN.com
All rights reserved. This material may not be published, broadcast, rewritten, or redistributed without permission.
Strong winds down trees, power lines in Gainesville area
Strong winds most of the day Sunday downed trees and power lines across Hall County but there were no reports of major incidents.
9:59PM ( 4 hours ago )
Lanier Tech grad part of winning Daytona 500 team
Josh Shiplett, a Lanier Technical College graduate, is a member of last Sunday's Daytona 500 winning team.
9:00PM ( 5 hours ago )
Keselowski beats flu and Treux, Jr. for Atlanta victory
Brad Keselowski overcame a stomach bug and the competition to score the victory in Sunday’s Folds of Honor QuikTrip 500 at Atlanta Motor Speedway.
7:24PM ( 7 hours ago )
Local/State News
US tariffs hike delay draws cautious welcome, boosts shares
President Donald Trump's decision to extend a deadline to escalate tariffs on Chinese imports has raised cautious optimism in China and boosted Asian shares
2:29AM ( 18 minutes ago )
Expectations low as Trump looks for win in NKorea summit
Trump heads into second meeting with North Korea's Kim Jong Un having reframed what would make a successful summit
2:26AM ( 20 minutes ago )
Democrats ready to fight to make Mueller report public
A top House Democrat is threatening to call special counsel Robert Mueller to Capitol Hill, subpoena documents and sue the Trump administration if the full report on Mueller's Russia investigation is not made public
2:09AM ( 38 minutes ago )
Associated Press (AP)
In an upset, 'Green Book' wins best picture at Oscars
The segregation-era road-trip drama "Green Book" was crowned best picture at the Academy Awards, handing Hollywood's top award to a film seen as a feel-good throwback to some but ridiculed as an outdated inversion of "Driving Miss Daisy" by others
1:05AM ( 1 hour ago )
Former US security officials to oppose emergency declaration
A group of former national security officials is set to release a statement arguing that there is no justification for Trump to use a national emergency declaration to fund a wall along the U.S.-Mexico border
12:55AM ( 1 hour ago )
High-stakes trial over Roundup cancer claim to begin
A jury in federal court in San Francisco will decide whether Roundup weed killer caused a California man's cancer in a trial that plaintiffs' attorneys say could help determine the fate of hundreds of similar lawsuits
12:20AM ( 2 hours ago )
AP National News
Early results: No party secures majority in Moldova ballot
Early results from Moldova's parliamentary elections show no party has secured a majority, a result that could leave the former Soviet republic in limbo between pro-Western and pro-Russia forces
11:57PM ( 2 hours ago )
The Latest: 'Green Book' wins Oscars best picture award
The Latest: 'Green Book' wins Academy Award for best picture
11:16PM ( 3 hours ago )
Spike Lee, Marvel, Gaga notch first Oscars
"Black Panther," wins two awards early at 91st Academy Awards, Regina King gets best supporting actress
10:43PM ( 4 hours ago )
AP Online National News
The Latest: McDormand prescribes wine for Olivia Colman
The Latest: Frances McDormand prescribes white wine for a still-stunned Olivia Colman, this year's Oscars best actress winner
11:38PM ( 3 hours ago )
Spike Lee, Marvel, Gaga notch first Oscars at Academy Awards
Spike Lee wins his first competitive Oscar while the motion picture academy spread awards around for "Black Panther," "Roma" and "Bohemian Rhapsody"
11:07PM ( 3 hours ago )
The Latest: Olivia Colman wins best actress Oscar
Olivia Colman is the winner of the best actress Academy Award for "The Favourite."
11:03PM ( 3 hours ago )
Top General short headlines
AP Explains: How to verify North Korea's nukes
AP Explains: How to verify North Korea's nukes
1:03AM ( 1 hour ago )
Asian stocks mostly higher after Trump tariff extension
Asian stocks mostly higher after Trump pushes back March 1 deadline for China tariff hike
12:34AM ( 2 hours ago )
Sheriff: 2 bodies recovered from Texas plane crash site
A southeast Texas sheriff says a second body has been recovered from the site where a Boeing 767 cargo plane crashed and the search is ongoing for the third
11:03PM ( 3 hours ago )
AP Business
Some polling units still open in Nigeria, a day after voting
Some polling units still open in Nigeria, a day after voting marked in areas by violence
10:45AM ( 16 hours ago )
In Chinese border city, locals hope North Korea opens up
When a green-and-yellow train carrying North Korean leader Kim Jong Un rolled slowly over a bridge into the Chinese city of Dandong late Saturday, few locals took notice
8:47AM ( 17 hours ago )
Buffett encourages investors to bet on American economy
Billionaire Warren Buffett says the company he built through decades of acquisitions continues to perform well even though he hasn't found any major deals at attractive prices recently
3:30PM ( 1 day ago )
AP Business - Economy
Strong winds down trees, power lines in Gainesville area
Strong winds most of the day Sunday downed trees and power lines across Hall County but there were no reports of major incidents.
9:59PM ( 4 hours ago )
Lanier Tech grad part of winning Daytona 500 team
Josh Shiplett, a Lanier Technical College graduate, is a member of last Sunday's Daytona 500 winning team.
By AccessWDUN Staff
9:00PM ( 5 hours ago )
Keselowski beats flu and Treux, Jr. for Atlanta victory
Brad Keselowski overcame a stomach bug and the competition to score the victory in Sunday’s Folds of Honor QuikTrip 500 at Atlanta Motor Speedway.
7:24PM ( 7 hours ago )
Washout: Dawson County road repairs to begin Monday
Dawson County Public Works is hoping to begin repairs this week to a road that was washed out by heavy rains Thursday morning.
4:00PM ( 10 hours ago )
GMRC posts survey as it updates Regional Plan
The survey will be available till the end of March.
4:00PM ( 10 hours ago )