WASHINGTON – Employers posted more open positions in January, and the number of Americans stop jump, a proof that the labour market is getting better and better.
The Labor Department says job openings rose 1.6 percent in January to a seasonally adjusted 5.6 million. While healthy, the openings are decreased by 1.5 percent compared to last year.
More than 3.2 million people quit their jobs in January, the most in almost 16 years. That is a sign of confidence in the labour market, because the employees usually quit a if they had another job, or are optimistic they can find.
Stopping also increases the wages, because it indicates that employers can recruit workers from other jobs by offering higher pay. Fed Chairman Janet Yellen regularly points to stop levels as a gauge of labour market health.