Hiring rises to highest level in more than a year

[jpak]

http://www.marketwatch.com/story/hiring-rises-to-highest-level-in-more-than-a-year-2010-05-11

U.S. job creation ramped up in March, with U.S. private-sector businesses increasing their hiring 4.8% to a seasonally adjusted 3.89 million in March, the most in 14 months, the Labor Department estimated Tuesday.

Including government agencies, the number of people hired increased 5.8% to 4.24 million, also the most since January 2009.

Meanwhile, total separations from jobs rose 1.2% to 4.02 million from a record-low 3.97 million in February. Layoffs were unchanged at 1.83 million, while voluntary quits increased to 1.87 million, the most in a year. Read the full report on the Bureau of Labor Statistics website.

In February and March, the number of people leaving work voluntarily exceeded the number laid off for the first time since October 2008. Rising numbers of quits shows workers are gaining confidence that they can find another job if they quit the one they have.

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be sure to unrec this!

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