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Vacancies in the US rise to 7.3 million in December



Corporate Recruiters (R) gesticulate and shake hands as they speak to jobseekers at Hire Our Heroes job fair aimed at unemployed military veterans and the Cable Show, a cable television trade show, on June 1

1, 2013 sponsored in Washington. REUTERS / Jonathan Ernst / File Photo

WASHINGTON (Reuters) – Vacancies in the US reached a record high in December, led by vacancies in the construction, lodging, and hospitality sectors that could shore up the economy's assessment of workers.

Vacancies, a measure of labor demand, rose 169,000 to a seasonally adjusted 7.3 million, the Labor Department said on Tuesday in its monthly Job Openings and Laboratory Turnover Survey (JOLTS). This was the highest level since the series began in 2000.

The number of job opportunities rose from 4.6 percent in November to 4.7 percent. The attitude rose from 5.8 million in November to 5.9 million. There's more and more evidence that companies are having trouble finding jobs, a phenomenon that economists expect to see employment growth slow this year.

The government reported earlier this month that the nonfarm payroll increased by 304,000 in January. This is the largest increase since February 2018. The number of employees is expected to slow to around 150,000 per month this year as workers become increasingly scarce.

Reporting by Lucia Mutikani; Editing by Andrea Ricci

Our Standards: The Thomson Reuters Trust Principles.

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