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Post by bot on Jul 8, 2014 22:17:28 GMT -5
WASHINGTON (MarketWatch) -- Job openings at U.S. workplaces rose to 4.64 million in May -- the most since June 2007 -- from 4.46 million in April, the U.S. Department of Labor reported Tuesday. Compared with same period in the prior year, May job openings rose 19%, as private-sector openings increased 21% to 4.21 million, and government positions rose to 423,000 from 384,000. With 9.8 million unemployed people in May, there were about 2.1 potential job seekers per opening, below April's ratio of 2.2. In May 2013, there were 11.7 million unemployed people -- about three potential seekers per opening. When the recession began in December 2007, there were less than two potential job seekers per opening. The number of separations, such as quits and layoffs, declined to 4.5 million in May from 4.55 million in April. Meanwhile, the total number of hires fell to 4.72 million from 4.77 million. The level of hires was almost 5 million when the recession began.
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