News
Labor Market Scores Hat Trick in New Report
Job openings rose to their highest level since January 2001 according to a Labor Department report released today that also found an increase in total hiring and job quits, all three of which are signs of a newly buoyant job market. US employers posted a seasonally adjusted 5M jobs in December, an increase of 3.7%. Overall hires jumped 1.9% to 5.1M, the best result in over seven years. And 2.7M people quit their jobs, a 2.1% rise and a positive indicator since most people quit when they have another, superior job awaiting them.
The trifecta of promising data follows last week's report that more jobs were added to the American economy between November and January than in any other three-month stretch since 1997.
