Job openings drop, raising further concerns about labor market
Rick Bowmer / AP
People wait in a line at a job fair in Oregon. Government data showed that jobs openings dropped to a five-month low in April.
Job openings declined in April to a five-month low, according to government data released Tuesday, as employers wrestled with worries about the European financial crisis, government deadlock in Washington and other data showing the recovery stumbling.
The Labor Department reported that there were 3.4 million jobs openings on the last day of April, down from 3.7 million in March. The drop was across many industries and professions.
"Job openings decreased for total nonfarm, total private, and government as well as in manufacturing, professional and
business services, and state and local government," The Labor Department said in a statement.
Given that there were 12.5 million Americans unemployed in April, that would mean 3.7 job-seekers for each opening that month, versus 3.4 for each opening in March.
And the number of job applicants will rise after Obama's immigration announcement.
Here I was thinking the private sector was doing "fine"........
Quoting DarlaHood:
Yet the Federal Govt. is cutting unemployment extensions because the job situation is improving!?
We're something like $15 trillion in debt. Just where do you think the money for unemloyment checks is going to come from? We cannot afford it.
When my husband was laid off from his job with a CPA firm....they always did that to the new college grads they hired after corporate tax season was finished..., he got six weeks of unemployment. Fortunately for us, he found a new job, but we ended up moving out of state to get it. Over the years they have extended it more and more, but this is ridiculous. You do realize that today, unemployment benefits go for nearly two years. It has to end at some point.
grandma B
Our job market really hasn't improved at all as other states have. I'm not sure how much worse it can get here.
The main reason companies aren't hiring is because they don't have any idea what their economic picture will look like next year. If Obama wins, their taxes will skyrocket, along with their health insurance costs, which have already increased quite a lot. I feel that if Gov. Romney wins, you will see a measureable drop in unemployment in 2013.
Quoting nysa76:
Our job market really hasn't improved at all as other states have. I'm not sure how much worse it can get here.
I live in Illinois, and ours just gets worse and worse. Our great dem gov. raised our personal income taxes 67% and corporate taxes 40*% Jan 2011. Companies have been fleeing here left and right. They are all heading to Wisconsin, Indiana and Texas.
grandma B
Quoting grandmab125:
Quoting nysa76:
Our job market really hasn't improved at all as other states have. I'm not sure how much worse it can get here.
I live in Illinois, and ours just gets worse and worse. Our great dem gov. raised our personal income taxes 67% and corporate taxes 40*% Jan 2011. Companies have been fleeing here left and right. They are all heading to Wisconsin, Indiana and Texas.
I'm in Wisconsin and we have the worst job creation in the nation at this point (from what I saw, though I didn't do the searching myself, my exMIL showed me)
Unemployment is paid by employers for people who have worked all of their lives and who qualify. I would rather see debt cut by not funding programs that give handouts to people who never work. For middle class working folk, unemployment is one of the few benefits they might actually qualify for when they need it.
Is Yoga a religion?
- OHgirlinCA
on Jun. 19, 2012 at 12:37 PM