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US job openings barely grew in November
Posted: Jan 10, 2013 9:06 AM by Associated Press
WASHINGTON (AP) - U.S. employers advertised about the same number of jobs in November as in October, suggesting hiring will stay modest over the next few months.
The Labor Department says job openings ticked up 11,000 last month to 3.67 million. That's about 12 percent more than were advertised in the same month a year ago.
The number of available jobs is slowly climbing back to the roughly 4 million that were advertised each month before the recession began in December 2007.
More than 12 million people were unemployed in November. That means there were 3.3 unemployed people, on average, competing for each open job. That's the lowest ratio since November 2008. Still, in a healthy economy, the ratio is roughly 2 to 1.
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