Job Openings Rise, But Hiring Is Flat

WASHINGTON (October 24, 2013) Employers advertised more jobs in August but hiring was essentially flat, further evidence of a job market that has weakened after a promising start to the year, the U.S. Labor Department said Thursday.

The Labor Department says job postings rose 75,000 to a seasonally adjusted 3.9 million in August.

July's total was revised much higher to 3.8 million, but the number of job openings has changed little since February.

Employers hired 4.5 million people in August, about the same as the previous month.

More people are quitting their jobs, a positive sign that signals growing confidence in the job market.

Total quits have jumped 7.2 percent in July and August to 2.35 million, the highest level in nearly five years.

In a healthy economy, between 2.5 million and 3 million people quit their jobs.

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