Summer Months Heat Up Job Openings
August may prove to be a good month for the employment prospects of current job-seekers. A new study found that job openings increased last month for the third straight month in the top 50 cities in the United States.
The growth in job openings was fairly substantial, increasing 4.5 percent from the previous month and almost 10 percent from the previous year. This growth means August may be a lucky month for job-seekers. With these openings, there are currently three unemployed persons for every job opening in metropolitan areas surveyed around the United States.
"With nationwide job openings increasing for the third month in a row, we see an improved outlook for those who are unemployed," said Gautam Godhwani, co-founder and CEO of Simply Hired, which conducted the research. "While there is uncertainty with the nation's slow-growing economy and whether the Federal Reserve may stimulate it in the coming months, it's clear that companies across the U.S. are looking to hire in the meantime."
While job openings increased across the country, Grand Rapids, Mich., led the charge, with 9 percent more job openings from the previous month. Salt Lake City, Cleveland and Akron, Ohio increased job openings by 8 percent also.
Seventy-five percent of industries also increased hiring this summer. Jobs in hospitality and nonprofits grew the most while retail, construction, media and manufacturing all saw declining job openings. Law enforcement and fire and safety workers along with engineers saw the largest job growth among specific occupations. Educators were the only occupation with a month-over-month decline in openings. Health care-related, technology and financial companies were the biggest hirers during July.
The information in this research was based on information from Simply Hired. The information is a part of the United States Employment Outlook for August 2012.