The number of job openings in the U.S. recently hit the highest level in more than six years, a trend that could precede faster employment growth in coming months, according to a Tuesday analyst note.
There were 4.17 million job openings in February -– the most since January 2008 — up 4% from a year earlier, the U.S. Labor Department reported. Openings in the private sector rose 5% over the year, while government openings declined. “Typically openings precede payroll gains,” analysts at Stone & McCarthy Research Associates wrote in a note.
Chosen excerpts by Job Market Monitor. Read the whole story at Job openings highest in more than six years – Capitol Report – MarketWatch.
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