US job openings fall in December from 5-year high

Published on NewsOK Modified: February 11, 2014 at 10:48 am •  Published: February 11, 2014
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WASHINGTON (AP) — U.S. employers posted fewer job openings in December and hiring slowed, adding to evidence that the job market weakened that month.

Still, the number of available jobs remained near a five and a half-year high. The Labor Department said Tuesday that openings slipped 1 percent to 3.99 million in December, from 4.03 million in the previous month. November was the first time that employers had posted more than 4 million open jobs since March 2008.

Total hiring fell to 4.4 million from 4.5 million in November, according to Tuesday's report. While job openings are mostly back to pre-recession levels, hiring is below the roughly 5 million a month that's typical for a healthy market.

Job gains slowed in January for the second straight month, according to last week's monthly employment report. That has raised concerns that the economy's momentum has stalled after healthy growth at the end of last year. January's report showed that employers added just 113,000 jobs, up from December's scant 75,000. Both months were far below average monthly gains of 194,000 last year.

Most economists have partly blamed unseasonably cold weather for the slowdown. But there were also some positive signs in last week's figures. The unemployment rate fell to 6.6 percent from 6.7 percent.

The January employment report showed net job gains, which is the number of people hired minus those who were laid off, quit or retired.