A Ray of Hope

Published Date Author: Ed Pollock, June 12th, 2010
A ray of hope for the job market!

A ray of hope for the job market!

A new 16 month high for job openings was hit in April, according to the Department of Labor.  This is a good sign that private employers have started employing.

In April 2010, new jobs advertised rose to 3.1 million from 2.8 million in March. That’s the most openings since December 2008.

Private employers accounted for the entire net gain, government hiring decreased in April.

The competition for jobs still remains tough. There were 5 unemployed people on average for each new job offered. That was down from 5.4 in the previous month, but well above the pre-recession levels that average 1.8 jobless workers per opening

The biggest increase in available jobs were in professional  and business services, leisure and hospitality and health care services and education. Government job openings fell by 36,000.

The report comes from the Department of Labor, which stated the economy generated 431,000 jobs in May.

As always,

Good hunting!

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