Summary Box: Job openings at highest in 3 years

AP News
|
Posted: Nov 08, 2011 5:28 PM
Summary Box: Job openings at highest in 3 years

MORE HELP WANTED: Employers posted more jobs in September than at any other time in the past three years, the Labor Department said. The increase suggests hiring could pick up in the next few months.

COMPETITION FIERCE: Even so, there are about 4.2 unemployed people for each job opening. That's much higher than the 2 to 1 ratio that exists in a healthy economy.

HIRING SLOW: Some companies are slow to fill jobs, likely because they are worried about future economic growth. Europe's debt crisis may worsen and U.S. lawmakers may cut spending or raise taxes later this year, potentially slowing growth.