WASHINGTON (Reuters) - U.S. job openings increased marginally in December while hiring declined, pointing to a labor market that was treading water amid a raging COVID-19 pandemic. Job openings, a measure of labor demand, rose to 6.65 million on the last day of December from 6.572 million in the previous month, the Labor Department said on Tuesday in its monthly Job Openings and Labor Turnover Survey, or JOLTS report. The job openings rate ticked up to 4.5% from 4.4% in November. Hiring dropped to 5.54 million from 5.94 million in November. The hiring rate declined to 3.9% from 4.2% in November. Layoffs decreased to 1.81 million in December from 2.056 million in the prior month. That lowered the layoffs rate to 1.3% from 1.4% in November.
(Bloomberg) U.S. job openings unexpectedly rose in December, led by increases in business services and retail trade, signaling that companies were looking to add workers as the nation starts getting vaccinated against the coronavirus.The number of available positions increased to 6.65 million during the month from a revised 6.57 million in November, the Labor Department’s Job Openings and Labor Turnover Survey, or JOLTS, showed Tuesday. The median estimate in a Bloomberg survey of economists was for 6.4 million vacancies.The data signal that employers in some industries are looking to add workers, though a rise in Covid-19 infections, a tightening of business restrictions during the month and the slow pace of the vaccine rollout are complicating that effort.The number of people who voluntary left their job increased to 3.29 million, pushing the quits rate to 2.3%. which is the highest since February.Openings that involve workers recalled from layoffs or positions that are only
Bitcoin, Twitter, Reddit, Dow Futures, Stimulus - 5 Things You Must Know Tuesday TheStreet 2/9/2021
Here are five things you must know for Tuesday, Feb. 9:
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1. Stock Futures Slip After S&P 500 s Sixth Day of Gains
Stock futures pointed lower Tuesday following the S&P 500 s sixth straight day of gains amid signs that President Joe Biden and congressional Democrats were pushing forward with a $1.9 trillion coronavirus stimulus package.
Contracts linked to the Dow Jones Industrial Average fell 45 points, S&P 500 futures slipped 3 points and Nasdaq futures were down 7 points.
White House Press Secretary Jen Psaki told reporters Monday that Biden s stimulus plan probably will advance under a fast-tracked procedure Democrats could use to clear the aid package with just a simple majority vote in the Senate.
<div class="at-above-post addthis tool" data-url="https://www.metro.us/u-s-job-openings-rise-4/"></div>WASHINGTON (Reuters) – U.S. layoffs eased in December and job openings increased modestly, suggesting the decline in employment that month was largely due to companies cutting back on hiring amid uncertainty caused by a raging COVID-19 pandemic. Though the Labor Department’s monthly Job Openings and Labor Turnover Survey, or JOLTS report, offered cautious optimism that […]<! AddThis Advanced Settings above via filter on get the excerpt ><! AddThis Advanced Settings below via filter on get the excerpt ><! AddThis Advanced Settings generic via filter on get the excerpt ><! AddThis Share Buttons above via filter on get the excerpt ><! AddThis Share Buttons below via filter on get the excerpt ><div class="at-below-post addthis tool" data-url="https://www.metro.us/u-s-job-openings-r
WASHINGTON — U.S. employers cut back sharply on hiring in December, particularly industries slammed by the pandemic such as restaurants and hotels, as virus infections soared and governments responded with tighter restrictions. The number of available jobs rose slightly and layoffs fell, according to the Labor Department’s Tuesday report, known