- The Washington Times - Wednesday, September 7, 2011

JOBS

Businesses post most job openings in 3 years

Companies in July advertised the most jobs in three years, and layoffs declined - a bit of hope for a weak economy. Still, many employers are in no rush to fill openings.

The Labor Department said Wednesday that employers increased their postings to 3.23 million from 3.17 million in June. That is the largest number of openings since August 2008. Typically, it takes anywhere from one to three months to fill an opening.

More openings don’t guarantee more jobs. The government said last week that employers failed to add any net jobs in August, the worst month for hiring since September 2010. The unemployment rate stayed for the second straight month at 9.1 percent.

CALIFORNIA

Politics veteran Bowles joins Facebook board

PALO ALTO | Facebook says former White House chief of staff Erskine Bowles has joined its board of directors.

Also a former president of the 17-campus University of North Carolina, Mr. Bowles was recently the co-chairman of President Obama’s National Commission on Fiscal Responsibility and Reform.

Mr. Bowles was chief of staff in the Clinton White House from 1996 to 1998. He ran unsuccessfully for the U.S. Senate in 2002 and 2004 on the Democratic ticket. He was president of UNC from 2006 to 2010.

His appointment expands Facebook’s board to seven members.

OIL

More reserve oil releases deemed unlikely

PARIS | The new chief of the International Energy Agency said she foresees no more oil stock releases, despite continuing uncertainty in Libya and other parts of the Arab world.

The U.S. and more than two dozen other countries that make up the IEA put 60 million barrels of oil into the market this summer in an effort to drive down skyrocketing oil prices. Supplies were particularly tight because Libyan exports had slowed to a trickle during the uprising against Moammar Gadhafi while demand generally rises in the warmer summer months.

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