Confident US employers post more job openings in May

[Omaha Steve]

Source: AP-Excite

By JOSH BOAK

WASHINGTON (AP) — U.S. employers advertised slightly more job openings in May, a sign of an increasingly energized economy where companies are expecting continued growth.

The Labor Department says the number of open jobs rose 0.5 percent to 5.36 million in May. Still, the number of new hires in May and the number of workers who left their job — a sign of strength since quits are generally associated with people finding better jobs — slipped slightly.

Job gains have been solid since February 2014, yet many Americans are still confronting financial uncertainties because of limited wage growth. On Friday, the government said employers added a robust 223,000 jobs in June. But average hourly wages were flat.

Read more: http://apnews.excite.com/article/20150707/us--job_openings-115a81f8a0.html

[tazkcmo]

1. With crappy pay.

No benefits. No overtime pay for holiday work. Hell, no OT because they're going to classify you as "management" or as an "independent contractor".

[Fred Sanders]

4. Yes, why does Obama just not shake his Black Magic Juju Sticks and make sunshine and rainbows for all?

[tazkcmo]

5. ????

Sensitive? I didn't even mention our president. He doesn't set wages at these companies or decide what amount of benefits to offer. While I'm not thrilled with all he has done I am generally pleased with him especially considering the obstruction of the GOP and all the racism he's had/having to over come. Take it easy Fred, it's not always about President Obama.

[Fred Sanders]

6. Apologies. This new and viral Obama-bashing from the left has me antsy..I never thought I would see it rampant at DU.

[tazkcmo]

7. Accepted, ty. n/t

[whatthehey]

9. doesn't seem to be the case

http://www.bls.gov/news.release/wkyeng.t01.htm

real wages have wobbled within an extremely narrow band pre, within and since the great recession

to forestall the next usual doomer goalpost shift, hours are also back to pre-collapse level

http://data.bls.gov/pdq/SurveyOutputServlet?request_action=wh&graph_name=CE_cesbref2

[mahatmakanejeeves]

2. JOLTS - Job Openings and Labor Turnover Survey

I forgot. As usual, there are tables galore.

Job Openings and Labor Turnover Summary

Economic News Release

For release 10:00 a.m. (EDT) Tuesday, July 7, 2015 USDL-15-1321

Technical information: [phone] • [e-mail] • www.bls.gov/jlt
Media contact: [phone] • [e-mail]

JOB OPENINGS AND LABOR TURNOVER – MAY 2015

The number of job openings was little changed at 5.4 million on the last business day of May, the highest since the series began in December 2000, the U.S. Bureau of Labor Statistics reported today. The number of hires was unchanged at 5.0 million in May and the number of separations was little changed at 4.7 million. Within separations, the quits rate was unchanged at 1.9 percent and the layoffs and discharges rate was little changed at 1.2 percent. This release includes estimates of the number and rate of job openings, hires, and separations for the nonfarm sector by industry and by four geographic regions.

Job Openings

Job openings were little changed at 5.4 million on the last business day of May, remaining at a historically high level. The job openings rate for May 2015 was 3.6 percent. The number of job openings was little changed for total private and government. Job openings increased in nondurable goods manufacturing and in state and local government. Job openings were little changed in all four regions. (See table 1.)
....

Hires

The number of hires was 5.0 million in May, unchanged from April. The hires rate was 3.5 percent. The number of hires was little changed for total private and government in May. There was little change in the number of hires in all industries and regions over the month. (See table 2.)
....

Separations

....
There were 4.7 million total separations in May, about the same as in April. The separations rate was 3.3 percent. The number of total separations was little changed for total private and government, and in all industries and regions over the month. (See table 3.)
....

Net Change in Employment

Large numbers of hires and separations occur every month throughout the business cycle. Net employment change results from the relationship between hires and separations. When the number of hires exceeds the number of separations, employment rises, even if the hires level is steady or declining. Conversely, when the number of hires is less than the number of separations, employment declines, even if the hires level is steady or rising. Over the 12 months ending in May 2015, hires totaled 60.2 million and separations totaled 57.4 million, yielding a net employment gain of 2.8 million. These totals include workers who may have been hired and separated more than once during the year.
____________
The Job Openings and Labor Turnover Survey results for June 2015 are scheduled to be released on Wednesday, August 12, 2015 at 10:00 a.m. (EDT).

The blog, if there is one, at The Wall Street Journal. isn't up yet. I'll link to it when it is. Here's an article:

U.S. Job Openings Remain at Historic Highs

10:46 am ET
Jul 7, 2015
Economics

By Kate Davidson

The number of job openings in the U.S. was little changed in May, remaining at its highest level on record, the Labor Department said Tuesday. ... Job openings held steady at 5.4 million in May, the same as the previous month. The number of voluntary quits was also unchanged from a month earlier, at 2.7 million, according to Labor’s Job Openings and Labor Turnover Survey, known as Jolts.

Another 1.7 million people were laid off or discharged in May, about the same as April and little changed over the past 12 months. Layoffs of government workers increased from a year earlier, while layoffs in the real estate sector declined. ... Over the past year, openings have increased for jobs in retail trade, professional and business services, and the health-care and social-assistance sectors, while jobs in mining and logging and in arts and entertainment have fallen.

Federal Reserve officials monitor the report closely for signs of an improving labor market. When workers quit their jobs voluntarily, it suggests they have confidence in their ability to find another job.

The latest Jolts data are in line with the main jobs report, which showed U.S. employers added 223,000 jobs in June. Still, labor-force participation slipped to its lowest level since October 1977 and wages appear stagnant, a sign of remaining slack in the labor market.

Just How Stagnant Are Wages, Anyway?

8:12 am ET
Jul 6, 2015
Consumption

By Josh Zumbrun

....
A new piece of research from Stephen Rose, an affiliated scholar with the Urban Institute and a professor at George Washington University, has the modest premise that rumors of the demise of American well-being have been greatly exaggerated.

To back this up, Mr. Rose has produced a series of provocative charts.

BLS Twitter Feed

Job Openings and Labor Turnover Survey Highlights May 2015

This is loaded with charts. I can't cut and paste them. They'll be in The Wall Street Journal. later today, I suspect.

[Fred Sanders]

3. But, but, but I personally do not have a job or great pay so...Obama is a monster!

[Demit]

8. ??? I see no reference to Obama in the OP.