JOLTS

Carney: Enhanced Jobless Benefits May Be a Drag on Retail Trade Hiring

Job openings in the retail trade sector rose in February, according to data from the Department of Labor’s Job Openings and Labor Turnover Survey. In January, employers posted 793,000 help wanted notices. These rose to 817,000 in February.

But the number of hires actually fell in February, the second straight monthly decline.

In other words, the number of people retail businesses want to hire is rising. But the number of workers accepting jobs in retail trade is falling.

P20210122AS-0140: President Joe Biden adds a log to the fire in the Oval Office of the White House Friday, Jan 22, 2021. (Official White House Photo by Adam Schultz)

Job Openings Unexpectedly Climb to 6.9 Million

U.S. businesses posted wanted ads for 6.9 million jobs in January, the U.S. Bureau of Labor Statistics reported Thursday. That was an increase from the upwardly revised 6.752 million for December and well-above the 6.585 forecast by economists surveyed by Econoday.

American Flag

Job Openings Unexpectedly Climbed in December

The labor market may have ended the year in slightly better shape than thought. The number of job openings climbed in December to 6.6 million, up from 6.5 million in November. Economists had forecast a decline to 6.4 million jobs.

WASHINGTON - DECEMBER 9: A holiday tree is shown lit in front of the U.S. Capitol building December 9, 2004 in Washington, DC. House Speaker J. Dennis Hastert (R-Ill.) hosted the official tree lighting ceremony today. The 79-year-old red spruce weighs approximately 92 hundred pounds and is about 67 feet …