U.S. Job Openings Fall for First Time in Three Months With Hiring on Hold

(Bloomberg) Job openings in the U.S. decreased in April for the first time in three months, showing companies started to lose confidence in the expansion’s durability even before hiring slumped in May.

The number of positions waiting to be filled fell by 151,000 to 2.97 million, the fewest since January, the Labor Department said today in a statement posted on its website. The number of people hired and the number of workers fired also decreased.

The unemployment rate rose to 9.1 percent in May while employers added the fewest workers in eight months, Labor Department data showed last week. More job gains are needed to drive consumer spending after economic growth slowed in the beginning of the year.

“A lot of employers are putting hiring plans on hold until they can be almost 100 percent certain that the recovery is continuing and is going to be at some point self sustainable,” Jennifer Lee, a senior economist at BMO Capital Markets in Toronto, said before the report. ..............(more)

The complete piece is at: http://www.bloomberg.com/news/2011-06-07/job-openings-in-u-s-fell-by-151-000-to-2-97-million-in-april.html

"Now let us hear no more of this nonsense about the abolition of peonage".

Weiner 24-7. Un-friggin-believable that DU does not have this issue of the anemic economy front and center at all times.

:(

(and nearly the Senate)

the economy started faltering ...

I mean, most people don't "get" that the Dow isn't that crucial to the economy, but still look at it as an indicator ... but when was the last time the "liberally-biased media" pointed out that the Dow nearly DOUBLED under Democratic President Obama and the Dems, and has stalled under the roadblocking Repubs? When has the "liberally-biased media" pointed out that gasoline prices returned to their skyrocketing ways right after the Repugs regained the House in November? Around here (Akron Ohio), gas jumped 30 cents a gallon in two weeks right after the November midterms were decided.