US job opening surged 1,02,000 in January: Labor Dept.



by   |  VIEW 231

US job opening surged 1,02,000 in January: Labor Dept.

Last Tuesday (March 12th), the US Labor department had mentioned in their monthly Job Openings and Labor Turnover Survey (JOLTS), that a revised data on US Job openings in January had shown an increase of 1,02,000 jobs, largely led by vacancies at real estate, information sector and wholesale businesses, indicating that a large scale shrinkage of job openings in February could have been a part of shortage of qualified workers apart from a 35-day long record US Federal Government shutdown on Mexico border wall funding issue.

According to US labor department’s recently released data, the Job openings, widely seen as a hallmark of economic strength underlying a tip of iceberg, rose by 1,02,000 to an adjusted figure of 7.58 million, which had not been million miles away from a record high of 7.63 million reached during last November.

The news came forth after a Trump Administration advisory board of CEOs told last week that they were almost forced to hire professionals without any college degree due to an abundance of jobs, while circumstantial evidence had shown that companies were facing veracious difficulties on finding qualified workers in United States, as US Job growth had been too vigorous in recent past to scale up with a four-year-long college degree.