Wednesday, May 12, 2010

Job Openings / Hires Off of Lows

BLS reports (hat tip Calculated Risk):

There were 2.7 million job openings on the last business day of March 2010, the U.S. Bureau of Labor Statistics reported today. The job openings rate was unchanged over the month at 2.0 percent. The hires rate (3.3 percent) was little changed, and the separations rate (3.1 percent) was unchanged in March. 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.
The chart below shows the level of job opening and hires as a ratio of the total number of unemployed.

Source: BLS