U.S. job openings increase by 102,000 in January
WASHINGTON (Reuters) - U.S. job openings in January increased in January, led by vacancies at wholesalers, real estate and information sectors, suggesting that a near-stall in hiring in February was probably in part because of a shortage of qualified workers.
Job openings, a measure of labor demand, rose by 102,000 to a seasonally adjusted 7.58 million, the U.S. Labor Department said in its monthly Job Openings and Labor Turnover Survey, or JOLTS, on Tuesday. That was not too far from a record high of 7.63 million touched in November.
The job openings rate rose to 4.8 percent from 4.7 percent in December. Hiring rose to 5.80 million from 5.72 million in December. Anecdotal evidence has been growing of companies experiencing difficulties finding workers, a phenomenon that economists expect will slow down job growth this year.
The government reported last week that nonfarm payrolls increased by only 20,000 jobs in February, the weakest since September 2017. Job gains are expected to slow to around 150,000 per month this year as workers become more scarce.
(Reporting By Lucia Mutikani; editing by Jonathan Oatis)
More Top Stories
Special Counsel Robert Mueller has handed in a keenly awaited report on his investigation into Russia’s role in the 2016 presidential election and any potential …read more
U.S. President Donald Trump on Friday said he was ordering the withdrawal of recently announced North Korea-related sanctions imposed by the U.S. Treasury Department.read more
The U.S. Federal Emergency Management Agency (FEMA) said on Friday that it had shared disaster survivors’ sensitive personal information with an outside company but added …read more
Frigid floodwaters pushing down the Missouri River left ruins, death and drowned livestock in their wake across the U.S. Midwest’s farmland, and were expected to …read more
When members of Special Counsel Robert Mueller’s team investigating Russia’s role in the 2016 U.S. election arrived for work each day, they placed their mobile …read more
The Inter-American Development Bank on Friday called off next week’s meeting of its 48 member countries in China after Beijing refused to allow a representative …read more