Online job postings hint at recovery, hmmmm

Discussion in 'Economics' started by S2007S, Feb 2, 2010.

  1. S2007S


    All the sudden job postings online are a hint that this long recession we have been is over as now there are 4 million U.S openings as of January 2010. With over 15 Million people without a job, filling in every available position from those job posting would still leave millions out of work.

    Online job postings hint at recovery

    Tom Abate, Chronicle Staff Writer

    Tuesday, February 2, 2010

    A tally of online job listings released Monday suggests that bosses are starting to hire, with slightly more than 4 million U.S. openings posted as of mid-January, bringing help-wanted ads back to a level not seen since November 2008.

    This informal indicator is compiled by the Conference Board, a nonprofit study group in New York that tracks online job postings, among other economic barometers.

    Before the recession began in December 2007, the Conference Board's online job count reached as high as 4.9 million. Postings began to plunge after the financial crisis in the fall of 2008, falling to a low of 3.2 million in April 2009.

    Conference Board Vice President June Shelp said January was the first time that total online job postings exceeded 4 million since the avalanche of layoffs that followed the 2008 financial crisis.

    She said January's surge followed strong gains in online job postings in November and December.

    But while the labor market appears to be strengthening, figures show the unemployed still face an uphill battle.

    The board reckons that there were roughly 4.19 job seekers for every posted opening nationwide as of December - the latest month for which such data are available.

    December's odds were slightly better than the ratio of 4.54 potential applicants per opening in November.

    Further evidence of the direction of the job market, and this particular ratio, will come Friday, when the Labor Department reports the U.S. unemployment rate for January.

    Unemployment stood at 10 percent nationwide in December, while the comparable state rate was 12.4 percent.

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  2. I think January's jobs numbers come out solidly positive.

    However, that doesn't mean I think the market will rally
  3. S2007S


    yea there probably will be 0-30k jobs created for Jan, temp work is being made available for the census, 1 million Jobs +
  4. It's good to know that there are jobs available right now. At least that will lessen the unemployment rate in the US.
  5. l2tradr


    No matter what, there will always be millions out of work in the US, even with unemployment at 3%. And hundreds of millions worldwide. What's your point exactly?