Summary Box: More jobs posted in July; hiring dips

AP News
|
Posted: Sep 07, 2011 5:46 PM
Summary Box: More jobs posted in July; hiring dips

JOB POSTINGS RISE: Employers advertised 3.23 million jobs in July, the most job openings in three years. That's up from 3.17 million in June.

HIRING SLOW: More openings don't guarantee more jobs. The government said last week that employers failed to add any net jobs in August, the worst month for hiring since September 2010.

HEAVY COMPETITION: Nearly 14 million people were out of work in July. So, roughly 4.3 unemployed workers were competing for each opening. That's a slight improvement from June, when the ratio was 4.45. In a healthy economy, the ratio is closed to 2 to 1.

.