Ray of Light: Applicant-to-Job-Opening Ratio Declined in April

Filed under: Good news, Employees, Economic Data

Tuesday's positive economic data point -- and it's a modest one, but we'll take it -- comes from the U.S. Labor Department: there were 5 potential applicants for each job opening in April, down from 6.2 applicants in March.



The reduction, part of the Labor Department's monthly job openings and turnover survey, also confirmed an uptrend in job openings. Even so, investors should keep in mind that 'job openings' do not mean 'hirings,' and the latest survey confirmed that hiring was basically flat in April compared to March. However, hiring is up about 12% compared to a year ago.



Further, the 4.3 million hirings in April minus the month's 4 million total separations roughly confirms the 290,000 net pay-roll increase in April.

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Ray of Light: Applicant-to-Job-Opening Ratio Declined in April originally appeared on BloggingStocks on Tue, 08 Jun 2010 18:00:00 EST. Please see our terms for use of feeds.

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United States Department of Labor - Employment - BloggingStocks - Business - United States

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