13 Jan

Is Economy recovering? The BLS report suggests something different.

The economic news released by bureau of labor statistics today i.e. Tuesday, January 12, 2010 has something very different and opposite to what most of us are thinking. As per all the current news and posts the economy is recovering but it seems it must be recovering on some specific segments. There are less than 50% jobs for the officially unemployed 15.3 million US citizens.

 Job Openings and Labor Turnover – November 2009

There were 2.4 million job openings on the last business day of
November 2009, the U.S. Bureau of Labor Statistics reported today. The
job openings rate was little changed over the month at 1.8 percent.
The openings rate has held relatively steady since March 2009. The
hires rate (3.2 percent) and the separations rate (3.3 percent) were
essentially unchanged in November. This release includes estimates of
the number and rate of job openings, hires, and separations for the
total nonfarm sector by industry and geographic region.

Job Openings

The job openings rate was little changed in November at 1.8 percent.
After falling steeply from mid-2007 through February 2009, the job
openings rate has been steady at 1.8 percent or 1.9 percent since
March 2009. The number of job openings fell by 2.3 million from the
most recent peak in June 2007 to April 2009 but has declined by only
98,000 since. The job openings rate was essentially unchanged in all
industries and all four regions in November.

Read the detailed report at bls website.