Decline in New Jobs Hints at Weakness in Otherwise Healthy Market

February 11, 2020 by Dan McCue
Job Openings

WASHINGTON — Businesses across the U.S. cut back in the number of new job openings they advertised in December, the Labor Department reported Tuesday.

The pullback, following a similar decline in November is seen by some economists as a sign that the hot job market may be cooling.

The department reported the number of available positions dropped 5.4% to 6.4 million, the lowest number of job openings in the past two years.

While the number of open jobs still surpasses the number of people who consider themselves unemployed, it represents a decline of 1 million available jobs in the past year.

The decline comes after job openings had hit the highest level on records dating back to December 2000.

Aside from the job openings, other measures of the labor market remain strong. The unemployment rate is 3.6%, near a half-century low, and employers added 225,000 jobs last month, a solid increase.

In The News

Health

Voting

Employment

Researchers: More Voices Needed to Shape Future of Work
In The News
Researchers: More Voices Needed to Shape Future of Work
June 7, 2021
by Dan McCue

A quartet of researchers in the United Kingdom say while the COVID-19 pandemic forced employers and employees alike into a “mass experiment” of workplace adjustments, the real work on what the future of work will look like is only just beginning. The researchers are Oliver Mallett,... Read More

US Jobs Edging Back to Normalcy as Pandemic Recedes
Employment
US Jobs Edging Back to Normalcy as Pandemic Recedes
June 4, 2021
by Victoria Turner

The U.S. employment situation seems to be edging closer to normalcy with the recent Bureau of Labor Statistics report showing a 1.7% decline in teleworking employees. This indicates more people are returning to the office, but it remains uncertain whether it is fully in-person or a... Read More

New Dems Outline Infrastructure Priorities for American Jobs Plan
Congress
New Dems Outline Infrastructure Priorities for American Jobs Plan
June 4, 2021
by TWN Staff

WASHINGTON - The House New Democrat Coalition on Wednesday endorsed several bills its members say will modernize the nation’s infrastructure, create jobs and grow the economy. The coalition, led by Infrastructure task force co-chairs Carolyn Bourdeaux, of Georgia, and Norma Torres, of California, NDC Chair Suzan... Read More

US Jobless Claims Fall to 406,000, a New Pandemic Low
Employment
US Jobless Claims Fall to 406,000, a New Pandemic Low

WASHINGTON (AP) — The number of Americans seeking unemployment benefits dropped last week to 406,000, a new pandemic low and more evidence that the job market is strengthening as the virus wanes and economy further reopens. Thursday's report from the Labor Department showed that applications declined... Read More

Granholm Says Green Jobs a Matter of ‘Economic Patriotism’
Employment
Granholm Says Green Jobs a Matter of ‘Economic Patriotism’
May 17, 2021
by Kate Michael

WASHINGTON — The Biden administration’s push to tackle several crises at once has reenergized the push for green jobs or those jobs which contribute to preserving or restoring the environment, including those in traditional sectors, like manufacturing.  His American Jobs Plan, an infrastructure investment proposal that... Read More

Employee Input Critical for Digital Workplace Success
Employment
Employee Input Critical for Digital Workplace Success
May 14, 2021
by Victoria Turner

The transition to remote work this past year happened a lot more quickly than many expected, which suggests organizations were “already working in a digital environment, we just had not realized it,” said Tatyana Mamut, senior vice president of new products at Pendo yesterday. Companies have... Read More

News From The Well
scroll top