In what could be a positive bit of jobs news, job openings rose to three million in July. Whether those jobs are filled quickly is another matter entirely.
The job openings rate increased over the month to 2.3 percent. The hires rate (3.3 percent) and the separations rate (3.4 percent) were unchanged, according to the Bureau of Labor Statistics.
The BLS added, “Even with the gains since July 2009, the number of job openings remained below the 4.4 million open jobs when the recession began in December 2007.”
The glass may be half empty. The current level of job openings may be too low to have any significant effect in bringing down the unemployment rate of 9.6%. The three million openings are only valuable to the extent to which they get filled, and, despite what many economists say, there is no way to predict that future.
Douglas A. McIntyre
Essential Tips for Investing: Sponsored
A financial advisor can help you understand the advantages and disadvantages of investment properties. Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you. If you’re ready to find an advisor who can help you achieve your financial goals, get started now.
Investing in real estate can diversify your portfolio. But expanding your horizons may add additional costs. If you’re an investor looking to minimize expenses, consider checking out online brokerages. They often offer low investment fees, helping you maximize your profit.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Editors' Picks
