U.S. job openings fall in December from 5-year high

  • By Christopher S. Rugaber Associated Press
  • Tuesday, February 11, 2014 12:18pm
  • Business

WASHINGTON — U.S. employers posted fewer job openings in December and hiring slowed, adding to evidence that the job market weakened that month.

Still, the number of available jobs remained near a five and a half-year high. The Labor Department said Tuesday that openings slipped 1 percent to 3.99 million in December, from 4.03 million in the previous month. November was the first time that employers had posted more than 4 million open jobs since March 2008.

Total hiring fell to 4.4 million from 4.5 million in November, according to Tuesday’s report. While job openings are mostly back to pre-recession levels, hiring is below the roughly 5 million a month that’s typical for a healthy market.

ADVERTISEMENT
0 seconds of 0 secondsVolume 0%
Press shift question mark to access a list of keyboard shortcuts
00:00
00:00
00:00
 

Job gains slowed in January for the second straight month, according to last week’s monthly employment report. That has raised concerns that the economy’s momentum has stalled after healthy growth at the end of last year. January’s report showed that employers added just 113,000 jobs, up from December’s scant 75,000. Both months were far below average monthly gains of 194,000 last year.

Most economists have partly blamed unseasonably cold weather for the slowdown. But there were also some positive signs in last week’s figures. The unemployment rate fell to 6.6 percent from 6.7 percent.

The January employment report showed net job gains, which is the number of people hired minus those who were laid off, quit or retired.

Tuesday’s report, known as the Job Openings and Labor Turnover survey, provides more details. It shows the overall number of people hired each month, rather than just the net gain.

Total hiring in December was the weakest in six months, according to the JOLTS report.

Quitting also declined in December, after reaching a five-year high in November. More quitting is a positive sign, because people usually quit when they either have a new job — typically for more pay — or are confident they can find one.

It’s getting a little easier to find a job, though the market remains competitive. There were 2.6 unemployed people, on average, for each available job in December. That’s much better than the 6.7 unemployed for each job in July 2009, one month after the recession ended.

But the ratio is roughly 2 to 1 in a healthy economy.

Job openings fell sharply in health care and educational services. Health care employment has barely risen in the past two months after years of steady gains. Governments also posted fewer open jobs.

Retailers and hotels and restaurants posted more available positions.

Talk to us

> Give us your news tips.

> Send us a letter to the editor.

> More Herald contact information.

More in Business

A standard jet fuel, left, burns with extensive smoke output while a 50 percent SAF drop-in jet fuel, right, puts off less smoke during a demonstration of the difference in fuel emissions on Tuesday, March 28, 2023 in Everett, Washington. (Olivia Vanni / The Herald)
Sustainable aviation fuel center gets funding boost

A planned research and development center focused on sustainable aviation… Continue reading

FILE — Jet fuselages at Boeing’s fabrication site in Everett, Wash., Sept. 28, 2022. Some recently manufactured Boeing and Airbus jets have components made from titanium that was sold using fake documentation verifying the material’s authenticity, according to a supplier for the plane makers. (Jovelle Tamayo/The New York Times)
Boeing adding new space in Everett despite worker reduction

Boeing is expanding the amount of space it occupies in… Continue reading

Paul Roberts makes a speech after winning the Chair’s Legacy Award on Tuesday, April 22, 2025 in Tulalip, Washington. (Olivia Vanni / The Herald)
Paul Roberts: An advocate for environmental causes

Roberts is the winner of the newly established Chair’s Legacy Award from Economic Alliance Snohomish County.

Laaysa Chintamani speaks after winning on Tuesday, April 22, 2025 in Tulalip, Washington. (Olivia Vanni / The Herald)
Laasya Chintamani: ‘I always loved science and wanted to help people’

Chintamani is the recipient of the Washington STEM Rising Star Award.

Dave Somers makes a speech after winning the Henry M. Jackson Award on Tuesday, April 22, 2025 in Tulalip, Washington. (Olivia Vanni / The Herald)
County Executive Dave Somers: ‘It’s working together’

Somers is the recipient of the Henry M. Jackson Award from Economic Alliance Snohomish County.

Mel Sheldon makes a speech after winning the Elson S. Floyd Award on Tuesday, April 22, 2025 in Tulalip, Washington. (Olivia Vanni / The Herald)
Mel Sheldon: Coming up big for the Tulalip Tribes

Mel Sheldon is the winner of the Elson S. Floyd Award from Economic Alliance Snohomish County

Craig Skotdal makes a speech after winning on Tuesday, April 22, 2025 in Tulalip, Washington. (Olivia Vanni / The Herald)
Craig Skotdal: Helping to breathe life into downtown Everett

Skotdal is the recipient of the John M. Fluke Sr. award from Economic Alliance Snohomish County

Katie Wallace, left, checks people into the first flight from Paine Field to Honolulu on Friday, Nov. 17, 2023 in Everett, Washington. (Olivia Vanni / The Herald)
Executive order makes way for Paine Field expansion planning

Expansion would be a long-range project estimated to cost around $300 million.

Dick’s Drive-In announces opening date for new Everett location

The new drive-in will be the first-ever for Everett and the second in Snohomish County.

Helion's 6th fusion prototype, Trenta, on display on Tuesday, July 9, 2024 in Everett, Washington. (Olivia Vanni / The Herald)
Helion celebrates smoother path to fusion energy site approval

Helion CEO applauds legislation signed by Gov. Bob Ferguson expected to streamline site selection process.

The Coastal Community Bank branch in Woodinville. (Contributed photo)
Top banks serving Snohomish County with excellence

A closer look at three financial institutions known for trust, service, and stability.

Image from Erickson Furniture website
From couch to coffee table — Local favorites await

Style your space with the county’s top picks for furniture and flair.

Support local journalism

If you value local news, make a gift now to support the trusted journalism you get in The Daily Herald. Donations processed in this system are not tax deductible.