Number of job openings rises nationwide

10/09/2010

Workers who are having money management problems because of unemployment may find that their prospects for landing a job could be on the verge of improving.

There were 3.2 million job openings nationwide, which was largely unchanged from July's total, noted the Bureau of Labor Statistics this week. In the longer term, the number of job openings rose by 863,000 - or 37 percent - since July 2009.

In contrast, there were 4.4 million job openings nationwide at the outset of the recession in December 2007, added the BLS. Another problem for many workers is that these job openings will not necessarily be located in parts of the country that have seen their job basis shrink significantly.

In other data, the report found that the number of people quitting their jobs rose since September 2009, which could mean that workers are feeling somewhat more secure about their future employment prospects.

Even with more job openings, the nationwide unemployment rate is expected to experience upward pressure in the coming weeks as more workers once again try their luck in re-entering the labor force. For those who are long-term unemployed, problems like high credit card debt and debt consolidation difficulties are common.
 

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