Job Openings Declined In October From Three-Year High - Spokane, North Idaho News & Weather KHQ.com

Job Openings Declined In October From Three-Year High In September, But Hiring Picks Up

WASHINGTON (AP) - The government says U.S. employers advertised slightly fewer jobs in October, a modest decline from a three-year high hit in the previous month.

The Labor Department reports companies and governments posted 3.3 million jobs that month, down from 3.4 million in September. October's level was the second highest in the past three years.

Even so, there is heavy competition for each job. Nearly 14 million people were unemployed in October, which means there was an average of 4.25 people out of work for each available opening. That's worse than September's ratio of 4.14.

Nationwide, the job market improved in November. The unemployment rate fell to 8.6 percent from 9 percent, and employers added a net gain of 120,000 jobs.
      

      
      (Copyright 2011 by The Associated Press.  All Rights Reserved.)
   

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