News Summary: US employers posted fewer open jobs

AP News
Posted: Sep 11, 2012 3:45 PM

JOB OPENINGS DECLINE: U.S. employers posted a seasonally adjusted 3.67 million jobs in July, the Labor Department said Tuesday. That's down from 3.72 million in June, adding to evidence that the job market has weakened.

MORE COMPETITIVE: Nearly 3.5 unemployed people on average were competing for each open position. While that's down from nearly 7 to 1 in July 2009, in a healthy economy the ratio is usually 2 to 1.

OPENINGS STAY OPEN: Job openings have increased 68 percent over the past three years. But companies aren't filling them quickly. Total hiring has increased only 11 percent in that stretch.