Companies post most job positions in 3 years - KWWL - Eastern Iowa Breaking News, Weather, Closings

Companies post most job positions in 3 years

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WASHINGTON, D.C. (KWWL) -

Companies are now advertising the most job openings in nearly three years, a hopeful sign after the worst month for hiring in nearly a year.

The US Labor Department says employers posted 3.2 million jobs in July, up from 3.17 million in June.  That is the largest number of openings since August 2008.  Typically, it takes anywhere from one to three months to fill an opening.

But there is heavy competition for each job.  Nearly 14 million people were out of work in July, so roughly 4.3 unemployed workers were competing for each opening.  That's a slight improvement from June, when the ratio was 4.45.

 

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