Job Openings in U.S. Decreased 163,000 in September, Second Straight Drop

[marmar]

Nov. 9 (Bloomberg) -- Job openings in the U.S. dropped in September for a second month, signaling a sustained labor market rebound will take time to develop, a government report showed.

Openings decreased by 163,000 to 2.93 million, the Labor Department said today in Washington. The number of people hired rose from the prior month and separations declined.

The unemployment rate was 9.6 percent for a third month in October even as payrolls increased 151,000, Labor Department figures showed last week. Growth in the world’s largest economy may need to quicken before enough jobs are created to make up for the recession-driven loss of more than 8 million positions.

“Labor demand is simply not strong enough to support a complete job recovery,” Henry Mo, an economist at Credit Suisse in New York, said in an e-mail to clients. There is “intense competition among job seekers.”

Openings fell 5.3 percent in September from a revised 3.09 million in the prior month that was smaller than previously estimated. ..........(more)

The complete piece is at: http://noir.bloomberg.com/apps/news?pid=20601087&sid=a9ysu8TWfOC4&pos=5

[TexasObserver]

1. +151,000 jobs in October. Odd that Bloomberg would lead with old news.

The "news" you mention is a month old.

[marmar]

2. But I think "jobs created" and "job openings" are two separate things.....

..... and two separate statistics, that aren't necessarily on the same release schedule.

[TexasObserver]

4. So, job openings allegedly fell in September, but JOBS increased in October.

Which do you suppose is the more important indicator, or for that matter, the more reliable of those two?

Job creation is real.

[leveymg]

3. Big Multinationals still sitting on their $2 trillion in cash in offshore accounts.

Wow- that's a lot of leverage over Washington. What are they extracting in the way of concessions?

[OHdem10]

5. Let us be sure to pass all the Trade Agreements we can

and create jobs else where.