Some very good news on the jobs front: The number of job openings rose at their fastest pace in almost seven years in February, according to a new report from the Labor Department.
Of course the total number of job openings is still below pre-recession levels, since this total had fallen so far during the downturn. But even so, the monthly rise is a welcome development for the nation’s 13.5 million unemployed workers.
The growth in job openings, coupled with the drop in the number of people unemployed, means that the ratio of unemployed workers to openings has fallen quite dramatically. The figure in February was 4.4, down from a high of 6.9 in July 2009.
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