Labor Department says over 3 million job openings, EmploymentCrossing finds over 700,000 job listings.

September 10, 2010   |    PDF version

Pasadena, CA — The Labor Department said in its latest jobs report that the number of job openings in July was 3.04 million, an increase of 6.2 percent over the previous month.

The report, known as the Job Openings and Labor Turnover Survey showed that private and public sector hired a total of 4.2 million people and let go 4.4 million workers. But the reason that 14.6 million people are still unemployed is that the employers may not be getting candidates with the right skills.

Narayana Kocherlakota, president of the Federal Reserve Bank of Minneapolis, said that this alone could account for 2.5 percent of the unemployment rate and this was one of the reasons that the Fed was limited in what it could do to bring down unemployment.

The people who have a hard time finding a job are those with just a high school diploma or less. That is because before the recession, employers were willing to take on candidates and train them on the job, but now they want qualified employees. Now, the ratio of individuals for every job opening is 4.8 to 1. The sectors that had the most openings according to the Labor Department were: Education and healthcare (533,000), restaurants and hotels (310,000).

Reacting to the latest Labor Report, A. Harrison Barnes says that this just confirms his belief that there are jobs available for people looking in the right place. Barnes is CEO of EmploymentCrossing, a job aggregator site that finds jobs from all the industries. The site has been able to add almost 700,000 jobs in seven days.

Contact:
Roger Croft
Editorial Coordinator
Employment Research Institute
626-243-1814
rogerc@employmentresearchinstitute.com

About EmploymentCrossing:
EmploymentCrossing is part of the Employment Research Institute, which is one of the most powerful and comprehensive organizations dedicated to helping professionals find jobs that will enhance their careers. Employment Research Institute consists of hundreds of industry-specific and location-specific job boards which consolidates every job opening it can find in one convenient location. The website also offers a seventy two-hour free trial to new members.