Please ensure Javascript is enabled for purposes of website accessibility
US Job Openings Rise, Outnumber the Unemployed by 1 Million
gvw_ap_news
By Associated Press
Published 6 years ago on
March 15, 2019

Share

WASHINGTON — U.S. employers posted nearly 7.6 million open jobs in January, near a record high set in November, evidence that businesses are still hungry for workers despite signs the economy has slowed.

“The question now is, will workers be increasingly tempted to switch to new jobs or will their current employers raise wages to keep them?”Nick Bunker, economist at Indeed

The Labor Department said Friday that hiring also rose and the number of people quitting their jobs picked up. Quits are a sign of a healthy economy, because people typically leave a job for another, usually higher-paying, one.

The tally of available jobs now outnumbers the unemployed by roughly 1 million. Openings began to outpace the unemployed last spring, for the first time in the 18 years the data has been tracked.

“The question now is, will workers be increasingly tempted to switch to new jobs or will their current employers raise wages to keep them?” said Nick Bunker, an economist at job listings website Indeed.

The strong job market is already pushing up wages more quickly, with hourly wages rising in February at the fastest pace in nine years.

The report, known as the Job Openings and Labor Turnover survey, or JOLTS, also showed that layoffs declined, a reassuring sign that employers weren’t spooked by the government shutdown, which ended Jan. 25, or the sharp drop in the stock market in December.

Many Economists Forecast Growth Could Fall

Nearly 3.5 million people quit their jobs in January, up 2.9 percent from the previous month. That could force employers to pay more to prevent their workers from quitting.

“The high quit rate is the major source of upward wage pressure, because high turnover costs are a strong motivator for employers to raise wages to retain their top talent,” said Julia Pollak, labor economist at ZipRecruiter.

The economy grew at a healthy clip last year of 2.9 percent, the fastest pace in four years. But trade tensions with China, slowing global growth and signs of caution among consumers have weighed on the economy early this year. Many economists forecast growth could fall below 1 percent in the first quarter.

The JOLTS report suggests the job market remains strong and bolsters most analysts’ expectations that steady hiring and rising wages will support faster growth later this year.

Openings have fallen slightly to 7.58 million since the record high of 7.63 million in November. The data was sharply revised this month to show that there were more open jobs late last year. Before the revisions, the record had been 7.3 million openings in January.

DON'T MISS

What Are Fresno Real Estate Experts Predicting for 2025 and Beyond?

UP NEXT

Doctors Were Preparing to Remove Their Organs. Then They Woke Up.

ICE Protest Scheduled Today in Downtown Fresno

58 minutes ago

Canada Promises to Boost Defense Spending, Meet NATO Target Much Earlier

1 hour ago

‘Everybody Stood up’: Why a Union Leader’s Arrest Galvanized California Democrats on Immigration

By Jeanne Kuang CalMatters This story was originally published by CalMatters. Sign up for their newsletters. The union leader federal agents...

14 minutes ago

Protesters hold placards as they gather around the Los Angeles Federal Building following multiple detentions by Immigration and Customs Enforcement (ICE), in downtown Los Angeles, California, U.S., June 6, 2025. REUTERS/Daniel Cole
14 minutes ago

‘Everybody Stood up’: Why a Union Leader’s Arrest Galvanized California Democrats on Immigration

A Fresno man already jailed, Michael Fitch (pictured), 35, for a 2021 homicide has been charged in the 2022 shooting death of Ursolo “Frank” Sermeno after DNA evidence linked him to the crime, police said. (Fresno PD)
42 minutes ago

Fresno Inmate Charged in 2022 Killing More Than Three Years After Crime

Fresno police arrested a woman wanted for a 2023 homicide and identified two additional suspects, including one still at large. (Fresno PD)
51 minutes ago

Fresno Police Arrest Woman Wanted in 2023 Homicide, One Still at-Large

58 minutes ago

ICE Protest Scheduled Today in Downtown Fresno

A pair of Royal Canadian Air Force (RCAF) CF-188 Hornets fly with a United States Navy EA-18G Growler during Exercise Maple Flag 51 over Alberta, Canada June 15, 2018. OS Erica Seymour/Canadian Forces/Handout via REUTERS/File Photo
1 hour ago

Canada Promises to Boost Defense Spending, Meet NATO Target Much Earlier

China’s export restrictions on samarium, a rare earth metal essential for U.S. military weapons like the F-35, have exposed a dangerous reliance on Chinese supply chains and stalled domestic production efforts, deepening national security concerns amid rising global tensions. (Shutterstock)
1 hour ago

China’s Chokehold on This Obscure Mineral Threatens the West’s Militaries

Freedom Flotilla
2 hours ago

Israel Seizes Gaza-Bound Aid Ship in International Waters. Can It Legally Do That?

A surveillance footage shows crew of the Gaza-bound British-flagged yacht "Madleen", put their hands up as strong light came into the vessel, in this screengrab from a video released on June 9, 2025. Freedom Flotilla Coalition/Handout via REUTERS
2 hours ago

Israeli Forces Seize Gaza Aid Boat Carrying Greta Thunberg

Help continue the work that gets you the news that matters most.

Search

Send this to a friend