U.S. job openings jump to highest level since Sept. 2007
The U. S. economy enjoyed an impressive month-on-month rise in job opening in April this year, bringing the job market back to pre-recession level, according to a report published by the U. S. Bureau of Labor Statistics on Tuesday.
Then Job Openings & Labor Turnover report showed that the number of job openings in the world's biggest economy increased from 4.2 million in March to 4.5 million (3.1 per cent of total employment) in April.
The total job openings in April were greater than analysts' average projection of a little over 4 million, with almost no change from the previous month.
The Midwest region reported the best figures, with job openings increasing from 943,000 on the last business day of March to 1.06 million job openings on the last business day of April. Adolfo Laurenti, a senior economist at Mesirow Financial, said that the figures not only showed an improvement but also confirmed the trend.
Commenting on the new figures, Laurenti said, "The numbers are a lit bit higher than expected, but what we see is consistent with what we've been seeing for several months. It's not just an improvement, it confirms the trend."
However, analysts have cautioned that as companies have been slow in hiring workers since the global recession, the rise will not automatically stand for more jobs.
April's figure of new job openings is the highest since September 2007, three months before the global economy slipped into recession.
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