The economy is starting to rebound but the labor market is not yet responding. The Job Openings and Labor Turnover (also known as JOLT) showed that the number of job openings in the U.S. was little changed at a series low level of 2.4 million at the end of July, the Bureau of Labor Statistics reported.
It's probably going to be sometime near the end of the year or next before the economy starts consistently generating new jobs, and much depends on the strength of the recovery.
Wednesday, September 9, 2009
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