Wednesday, April 11, 2012

10 Signs That the Job Market Is Improving

Bernanke money printing impacts the job market.

CNBC breaks it down:
10. Jobs have been added to the economy for 18 straight months, according to the Labor Department, after more than two years of job losses.

9. Planned layoffs hit a 10-month low in March, down 27 percent from February and 8.8 percent from a year ago, according to the latest report from consultants Challenger, Gray & Christmas.

8. The number of job openings jumped 16 percent in February from a year ago, according to the Labor Department’s latest JOLT survey (Job Openings and Labor Turnover Survey).

7. Hiring plans rose nearly 16 percent to 12,390 in March from the prior month, according to the Challenger report.

6. The ratio of job openings to the number of unemployed people in a particular city is improving: In March, 11 out of 50 cities on’s Job Market Competition list have a one-to-one ratio, that’s up from just four cities that had those ratios a year ago. (The national average is 3.7 people for each available job, according to the Labor Department.)

5. The hospitality industry (hotel workers, restaurant workers, bartenders, housekeepers, etc.), which took a hit during the recession as many people cut back on going out to eat and travel, saw a 48-percent jump in job listings in March from a year ago, according to

4. Jobless claims fell to a seasonally adjusted 357,000 last week, the lowest since April 2008.

3. National wage growth is also back to pre-recession levels: It jumped 1.4 percent in the first quarter from a year earlier, according to PayScale, and is now at its highest level since the fourth quarter of 2008.

2. There is still a shortage of skilled workers in information technology and health care, industries that thrived through the recession and, in fact, that shortage continues to grow. “The shortages are getting more acute!” said Tony Lee, publisher of CareerCast’s 2012 Jobs Rated Report.

And the No. 1 positive sign for the job market is … “I QUIT!!!”

The number of people who voluntarily quit their jobs jumped 4 percent, according to the Labor Department's JOLT survey. What’s more, for the first time, the number of quits represented a greater percentage of total separations than involuntary layoffs.

“Quits go hand-in-hand with consumer confidence,” market strategists from ConvergEx Group reported in a recent note titled “’I Quit!’ And Other Positive Economic Data.’”

Coming soon: The 10 Reasons Why Price Inflation Is Out of Control


  1. This is the biggest load of crap since the allegatons that hillary is female and barry isn't an android.

  2. In February, average hourly earning from a job in oil and gas extraction paid $28/h, retail $14, restaurant $11.

    >>Coming soon: The 10 Reasons Why Price Inflation Is Out of Control

    Homebuilders ripped today but gold stocks are getting pounded