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US Job Openings Rise in December

2024-06-22OANDAOANDA
Job openings rose in December, the Bureau of Labor Statistics said Tuesday. There were 5.6 million job openings in December 2015, up from 5.43 million job openings in November, according to the Job Openings and Labor Turnover Summary (JOLTS) report. The monthly report from the Labor Department is a closely followed barometer of economic conditions, […]

Job openings rose in December, the Bureau of Labor Statistics said Tuesday.

There were 5.6 million job openings in December 2015, up from 5.43 million job openings in November, according to the Job Openings and Labor Turnover Summary (JOLTS) report.

The monthly report from the Labor Department is a closely followed barometer of economic conditions, and measures job postings in different sectors, and the number of hires and layoffs.

Private sector jobs, including construction and manufacturing, saw the biggest gains during the month. Regionally, the West saw job openings tick up.

The hiring rate of 3.7 percent barely changed from November. But the number of hires, 5.4 million, inched high enough to surpass December 2007, the first month of the recession, the BLS said. Professional and business services saw the most notable gains in hiring.

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