March 11 (Bloomberg) — Job openings increased less than expected in January, a sign labor market cooling from late 2013 persisted as severe winter weather hammered the eastern and Midwestern United States.
The number of positions waiting to be filled increased by 60,000 to 3.97 million, from a revised 3.91 million the prior month, the Labor Department said today in Washington. The pace of hiring fell and fewer Americans quit their jobs.
The report follows data last week showing that February payrolls beat estimates after hiring in January was depressed by the weather. Faster hiring would help spur the wage growth needed to boost consumer spending, which accounts for almost 70 percent of the economy.
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Critical BenefitsPRO information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
- Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events
- Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
