Job Openings in U.S. Were Little Changed in July at 4.67 Million
By Victoria Stilwell Sep 9, 2014 10:35 AM ET
Job openings held close to a more than a 13-year high in July as employers remained confident about the outlook for demand in the world’s biggest economy.
The number of positions waiting to be filled in the U.S. was little changed at 4.67 million in July from 4.68 million in the month before, which was the highest since February 2001, the Labor Department reported today in Washington. Hiring increased.
Companies, whose headcounts were running lean after the last recession, are facing a growing need for workers as they contend with rising orders and sales. Persistent gains in payrolls raise the odds of a self-reinforcing cycle of more consumption and job growth that would further spur the economy.
“There are tangible signs of improvement in the overall condition of labor markets,” said Russell Price, senior economist at Ameriprise Financial Inc. in Detroit. “Businesses are seeing acceleration in the demand for their goods and services and have been running with relatively tight labor force levels.”
The median forecast in a Bloomberg survey of economists called for 4.7 million openings in July after a previously reported 4.67 million a month earlier.
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http://www.bloomberg.com/news/2014-09-09/job-openings-in-u-s-little-changed-in-july-at-4-67-million.html
