After another month marked by thousands of layoffs, continued recession fears and companies tightening their belts, job openings remained resilient.job openings actually increased from 10.44 million at the end of November to about 11 million
"The labor market is continuing to show its historic resiliency in the face of all the conjecture about a possible recession. 10 to 11 million job openings in the U.S. [have] become the new normal,” said Richard Wahlquist, president of the American Staffing Association. "Once again, there are nearly two job openings for every unemployed person."
The quit rate once again held steady at 2.7%, while layoff rates inched up to 1% from 0.9%, even after of thousands of layoffs in the technology and financial sectors. While there have been high-profile tech layoffs, other industries saw a huge surge in demand, including an increase of 409,000 job openings in food services and accommodations. The information sector did show a decline of 107,000 job openings, reflecting upheaval in the tech sector.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Singapore Singapore Latest News, Singapore Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Former SoMa nightclub Harlot in San Francisco reborn as Madarae - San Francisco Business TimesSoMa's Harlot nightclub and lounge is getting a new look and lease on life as Madarae.
Source: SFBusinessTimes - 🏆 78. / 68 Read more »
The True Life Companies pitches homes at Pleasanton's Hacienda Business Park - San Francisco Business TimesThe Hacienda Business Park, which already includes some homes, is increasingly being eyed for residential redevelopment amid state pressure on cities like Pleasanton to make way for more homes.
Source: SFBusinessTimes - 🏆 78. / 68 Read more »
Local leaders prep for VIP hospitality push ahead of APEC - San Francisco Business TimesCity officials briefed business leaders on the opportunities — and coming fundraising efforts — for the big November meeting, expected to draw 12,000 to the city.
Source: SFBusinessTimes - 🏆 78. / 68 Read more »
Facebook stock surges after announcing $40 billion share buyback - San Francisco Business TimesFacebook stock jumped in the extended session after the company reported fourth-quarter sales that were better than expected.
Source: SFBusinessTimes - 🏆 78. / 68 Read more »
Did Apple designer Jony Ive buy 807 Montgomery in San Francisco? - San Francisco Business TimesThere's plenty of chatter about who bought a small office building in Jackson Square for a record price. Maybe a famed Apple designer? Here's what we know.
Source: SFBusinessTimes - 🏆 78. / 68 Read more »
Ikea anchor of downtown San Francisco's Livat mall could open this spring - San Francisco Business TimesAn industry source says a new food hall and earlier debut from Ikea are on the way.
Source: SFBusinessTimes - 🏆 78. / 68 Read more »