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Job openings hit two-year peak: DOLPosted by RJ and Makay on Apr 14, 2011 |
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Good news from the U.S. Department of Labor (DOL): In February, businesses posted the largest number of job openings in more than two years, suggesting hiring is on the rise.
According to the DOL, employers advertised 3.1 million jobs in February, the most since September 2008 (the height of the financial crisis). Competition for jobs remains intense, though it has eased a bit. There were 4.4 people, on average, competing for each available job in February, down from nearly 7 per job in July 2009. Two applicants per job is considered a sign of a healthy economy.
