- Blame Bush: 5 years later, that’s still the mantra, pollsters find
- Dutch prostitutes demand same retirement benefits as soccer stars
- John McCain to Harry Reid: I’ll ‘kick the crap’ out of you
- Dogs that talk: Researchers seek $10K for ‘No More Woof’ technology
- 1,000 firefighters called to battle stubborn Big Sur wildfire
- Black Friday brouhaha: Millions of Target shoppers hit by credit card theft
- Britain orders airplane to rescue citizens from violent South Sudan
- Mega Millions winner emerges as Georgia mom, in ‘disbelief’
- ‘Duck Dynasty’ Phil Robertson suspended ‘indefinitely’ for gay quip
- John Podesta eats crow: ‘I apologize to Speaker Boehner’
U.S. employers posted fewer open jobs in July
Question of the Day
WASHINGTON (AP) — U.S. employers posted fewer jobs in July than in June, further evidence that hiring may stay weak in the coming months.
Job openings fell to a seasonally adjusted 3.67 million, the Labor Department said Tuesday. That down from June’s 3.72 million job openings, which was revised lower.
The data follow Friday’s disappointing employment report, which said the economy added only 96,000 jobs in August. That’s below July’s total of 141,000 and the average 226,000 a month added in the first three months of the year. The unemployment rate fell to 8.1 percent from 8.3 percent, but only because the number of people working or looking for work fell.
The drop in available positions has made job hunting more competitive. Nearly 12.8 million people were unemployed in July, meaning 3.5 people were competing for each open position.
While that’s down from a post-recession high of 7 to 1 in July 2009, in a healthy economy the ratio is usually 2 to 1.
Job openings have increased 68 percent from 2.2 million over the past three years. But companies aren’t filling them quickly. Total hiring has increased only 11 percent in that stretch.
There are several reasons companies aren’t hiring faster, economists say. Companies may not be offering sufficient pay to entice workers to take the jobs. Some employers say they can’t find enough skilled workers in certain industries, such as information technology.
Businesses are also worried about Europe’s financial crisis, slowing growth in China and the pending expiration of tax breaks in the United States.
Jeff Joerres, chief executive of ManpowerGroup, an employment services firm, said those trends are making even healthy companies reluctant to hire.
“It’s all I hear about,” he said. Some of his company’s clients say, “Our business is good, but we’re worried,” he added.
Employers are still posting fewer jobs than before the recession, when they advertised about 4.4 million a month.
In July, the number of available jobs fell in manufacturing, health care, and professional and business services, a category that includes engineers, accountants and lawyers.
The government’s monthly employment report measures net hiring.
Tuesday’s report, known as the Job Openings and Labor Turnover survey, shows the amount of hiring and firing that takes place in the U.S. each month. It provides more details than the monthly jobs report.
It also highlights one reason the job market remains weak. Layoffs have fallen steadily recently, but companies aren’t stepping up hiring.
By Andrew P. Napolitano
Fourth Amendment says Obama is not at liberty to collect metadata
- Border Patrol helps smuggle illegal immigrant children into the U.S.
- Gov't wasted $30 billion on 'pillownauts,' crystal goblets -- buying human urine!
- Duck Dynasty Phil Robertson suspended indefinitely for gay quip
- Obamacare 'pajamas boy' gets roundly mocked
- Bill Gates: The Secret Santa disguised as a 'friendly fellow' on Reddit
- Half of America strips religion from Christmas
- U.S. Army mulls wiping out memory of Robert E. Lee, 'Stonewall' Jackson
- BOLTON: Nero in the White House
- In court filing, NCAA denies legal duty to protect athletes
- La. Gov. Jindal defends suspended Duck Dynasty star
Independent voices from the The Washington Times Communities
Entertainment News and Reviews from Washington, D.C. and beyond.
Life, liberty and the pursuit of happiness from the carpool lane.
Top 10 handguns in the U.S.
Extraordinary day at Redskins Park
White House pets gone wild!
Let it snow