Joltin' up on JOLTS - Job openings increase in January 2010

JOLTS is a new survey, around for a decade, and it tracks on Job Openings and Labor Turnover. The MSM is all abuzz with the news that job openings increased 7.6% to 2.7 million in January 2010, an 11 month high. So let's dig a little deeper, beyond the feel good buzz. Here is the full report.

There were 2.7 million job openings on the last business day of January 2010, the U.S. Bureau of Labor Statistics reported today. The job openings rate rose over the month to 2.1 percent, the highest the rate has been since February 2009. The hires rate (3.1 percent) and the separations rate (3.2 percent) were unchanged in January.

Where are the Jobs? - BLS JOLTS August 2009 report

The BLS JOLTS report for August 2009 was released earlier this week and it's just damning on job creation in the United States.

The hires level was little changed at 4.0 million in August but has declined by 1.6 million, or 28 percent, since the most recent peak in July 2006. The hires rate was low in August at 3.1 percent and little changed from July. The hires rate was little changed in August in all industries.

JOLTS job openings 09-09