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Business

U.S. Job Openings Showed Little Growth in November

Jan. 11, 2013 12:44pm

U.S. employers advertised about the same number of jobs in November as in October.

Job openings ticked up 11,000 last month to 3.67 million, the Labor Department said Thursday. That’s about 12 percent more than were advertised in the same month a year ago.

More than 12 million people were unemployed in November. That means there were 3.3 unemployed people, on average, competing for each open job. That’s the lowest ratio since November 2008.

Still, in a healthy economy, the ratio is roughly 2 to 1.

Separately, the Labor Department said the number of people seeking unemployment aid increased last week, ticking up 4,000 to a seasonally adjusted 371,000. The four-week average, a less volatile measure, rose after falling to a four-year low the previous week.

Overall hiring was largely unchanged in November, according to the Job Openings and Labor Turnover Survey, or JOLTS. Companies hired 4.3 million people, just 3,000 more than in October. Layoffs ticked down to nearly 1.7 million, 10,000 below October’s number.

The number of people who quit their jobs rose, but was little changed compared to this summer.

Job openings rose in retail and hotels and restaurants, which likely reflect holiday-related gains. Openings ticked down in construction and manufacturing.

Employers added 161,000 jobs in November and 155,000 in December, according to the government employment report released Friday. The unemployment rate fell to 7.8 percent in December. It fell to that level in November from 7.9 percent in October.

Thursday’s JOLTS report looks at total hiring, layoffs and quits. The report released Friday measured net hiring and unemployment.

The JOLTs report suggests that employers didn’t step up layoffs or cut back on hiring in the midst of the debate over the tax and spending changes known as the fiscal cliff, which is probably a good thing considering more budget showdowns are expected.

Congress must vote to raise the government’s $16.4 trillion borrowing limit by around late February. If not, the government risks defaulting on its debt.

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The Associated Press contributed to this report.

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Comments (11)

  • yiska8
    Posted on January 11, 2013 at 7:00pm

    How can we really know what numbers are correct? We can’t.
    Judge the economy by:
    How many people are fleeing your state or moving into it.
    How well food pantries are stocked? Are the donations up or down? Long lines?
    Homelessness. Shelters packed?
    Bank Robberies and theft.
    Do people even leave their drive-ways to go to work anymore? Or are all the cars parked in the driveway all the time?
    Are job fairs turning people away for packed capacity?
    How long are the lines for section 8 government housing once announcements for applications go out to the public?
    Are state agencies packed with people applying for government aid?
    Do you see people paying with cash/bank cards more than WIC/food stamp debit card/EBT or the other way around?
    If you sold any heavy equipment or a used diesel/gas guzzler truck, how long would it take to sell?
    Are banks in your area like BOA and Chase busy on Fridays and Saturdays with endless lines in the drive-thru and in the lobby? Not in my neighborhood. Not anymore. They look like ghost towns, because no one is working!!!
    These are just a few clues telling me how the real-life economy is running.
    I don’t buy any numbers coming from the government anymore. It’s just a liar’s game and con.

    Report this comment

    yiska8  
  • rochrealtor
    Posted on January 11, 2013 at 6:56pm

    Thank you King…your policies are burning up the real estate. “sieg heil”

    Report this comment

    rochrealtor  
  • thegreatcarnac
    Posted on January 11, 2013 at 4:03pm

    Yes…with millions upon millions unemployed the obama economy managed to squeeze out two jobs for the masses.
    1) Help wanted……a personal drug handler for president obama. Person must go into black neighborhoods and score some crack for the prez, bring a few rocks to the White House blue room for obama to partake. Of course…if you get caught we will deny any knowledge of you.
    2)Help wanted…….two ex-members of the Watusi tribe to testify that obama and michelle both are members of the tribe and down with the struggle.

    No white people need apply.

    Report this comment

    thegreatcarnac  
  • 13th Imam
    Posted on January 11, 2013 at 1:23pm

    The economy has the FLU.

    DEMOCRAT(Media) excuse of the day for Barry’s Performance

    Report this comment

    13th Imam  
  • Cavallo
    Posted on January 11, 2013 at 1:22pm

    Congress must vote to raise the government’s $16.4 trillion borrowing limit by around late February. If not, the government risks defaulting on its debt.

    Does it?

    I thought the service on the debt was paid first? Or did I hear wrong? What exactly keeps being financed if they don’t raise the limit? Military, essential services, and debt interest right? Sounds like we have found a way to balance the budget if that is the case, right?

    Report this comment

    Cavallo  
  • jackact
    Posted on January 11, 2013 at 1:06pm

    The Obama regime states, “….keep moving, nothing to see here….”
    :(

    Report this comment

    jackact  
  • jackact
    Posted on January 11, 2013 at 1:03pm

    …and the Obama regime states, “… keep moving, nothing to see here….”
    Not one drill bit in American soil.
    :(

    Report this comment

    jackact  
  • Eastinfection
    Posted on January 11, 2013 at 12:59pm

    lol…poor Becket..

    Everyone else gets to write about Secret Service prostitutes, Angry Smurfs, Assault Weapons, Peeing in the Shower, Aussie Dust Storms, Homosexual Sinners, etc….
    …while Becket is stuck crunching the numbers and delivering all the bad news…

    Someones got to do it.
    Good on ya ole chap! Chin up.

    Report this comment

    Eastinfection  
  • DougHuffman
    Posted on January 11, 2013 at 12:53pm

    That’s why we need more Blueshirts to guard government schools and reduce unemployables’ unemployment. To professionalize they must federalize then unionize. Oba Lincoln killed the union to save the Union.

    Report this comment

    DougHuffman  

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