Seeking Alpha

Wall Street Str...'s  Instablog

Wall Street Strategies
Send Message
Wall Street Strategies has been providing independent stock market research since 1991 to individual, retail and institutional clients through a balanced approach to investing and trading. Charles Payne, our founder and chief analyst, is routinely sought after for his stock market, political,... More
My company:
Wall Street Strategies
My book:
Be Smart, Act Fast, Get Rich
  • A LOOK AT JOLTS - By WSS Research Desk 0 comments
    Apr 8, 2014 3:30 PM

    By Carlos Guillen

    Taking a look at the Job Openings and Labor Turnover Summary, or JOLTS report, we can see more jobs available in our economy during February. The highlight of the report was that the number of available jobs in the U.S. ticked up, providing some evidence that the jobs situation may improve moving forward as companies are likely to be putting up additional openings in the face of slow but consistent global economic growth. The number of job openings in February was 4.17 million, up from 3.87 million in January, representing a 7.72 percent increase. At the moment the number of job openings still remains well below the 4.32 million openings when the recession began in December 2007; however, the number of job openings has increased 94.5 percent since the end of the recession in June 2009. Among the largest contributors to job openings in September were in retail trade and in professional and business services.

    Hiring increased by 71,000 to 4.59 million, representing a 1.57 percent up tick, and firings declined to 1.62 million from the 1.70 million posted in January, representing a 4.93 percent drop. This data comes after Friday's rather discouraging jobs number that showed a flat unemployment rate of 6.7 percent and an increase in nonfarm jobs of 192,000 in March, both worse than expectation.

    It is also worth looking at the number of unemployed per jobs available, which has been on a down trend since the third quarter of 2009. While most recently this ratio has been holding fairly flat, showing very little room for improvement, it now improved a bit. So we now have a scenario of less layoffs and more hiring going on, certainly an encouraging sign.

    Themes: Job Data
Back To Wall Street Strategies' Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers

StockTalks

More »

Latest Comments


Posts by Themes
Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.