Tags: jobs data, Layoffs
Only a million-and-a-half people got shit-canned in January. Luckily for them, there are more than twice as many job openings right now.
There were 1.51 million people let go in the month, down from 1.57 million in December and the least in data going back 12 years, the Labor Department said today in Washington. The number of positions waiting to be filled climbed by 81,000 to 3.69 million after slumping by 177,000 in December….
“The fact that the firings are abating shows just how tight the labor-force components are for business,” said Russell Price, a senior economist at Ameriprise Financial Inc. in Detroit and the top-ranked payroll forecaster in the past two years, according to data compiled by Bloomberg. “Businesses are becoming increasingly confident in the economic outlook.”
So if you’ve recently found yourself on the wrong side of a bank’s cost-cutting program, head on down to the mall and start looking for help-wanted signs.
Retail sector job openings increased by 34,000 in January after declining the prior month. Job openings in manufacturing and construction rose modestly. There were also a small increase in government job openings.
Vacancies declined in education and health services, and leisure and hospitality.
Job Openings Increase as U.S. Labor Market Improves [Bloomberg]
U.S. job openings rise in January on retail bounce bank [Reuters]
Employers Report Positive Hiring Plans [WSJ Real Time Economics blog]