Tuesday, February 7, 2012

Job Openings Increased in December

More evidence that a manipulated boom is developing:

There were 3.4 million job openings on the last business day of December, up from 3.1 million in November, the U.S. Bureau of Labor Statistics reported today.

Although the number of job openings remained below the 4.4 million openings when the recession began in December 2007, the number of job openings has increased 39 percent since the end of the recession in June 2009.

Quits declined slightly in December, but have mostly been trending up - quits are now up about 5% year-over-year. These are voluntary separations and more quits might indicate suggest improvement in the labor market---you don't generally quit unless you think you can find a better job or already have one.

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