US employers struggling to add jobs - KWWL - Eastern Iowa Breaking News, Weather, Closings

US employers struggling to add jobs


The number of U.S. job postings didn't increase in May, a sign that hiring is unlikely to pick up this summer.

Employers advertised 3 million job openings, the Labor Department said.  That was the same
amount as in April and down from 3.1 million in March.

May's figure is higher than the 2.1 million job openings posted in July 2009, one month after
the recession ended and the lowest total since the government began recording the data a
decade ago.  But it is also significantly below the 4.4 million openings recorded in December
2007, when the recession began.

Companies can take anywhere from one to three months to fill a job opening.  And there's heavy competition for each opening.  Roughly 4.7 unemployed people, on average, were competing for each available job in May. In a healthy economy, the ratio is about 2 to 1.

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