Companies pulled back on job postings in April

Businesses advertised fewer jobs in April than the previous month, a sign that hiring could slow further in the coming months.

Employers posted 3 million job openings, down from 3.1 million from March, the Labor Department said Tuesday. Job openings have been stuck at about 3 million for three months.

Job growth slowed sharply in May, according to the monthly employment report released Friday. Employers added a net total of only 54,000 positions, down from an average of 220,000 per month in each of the previous three months. The unemployment rate rose to 9.1 percent from 9 percent. That report raised concerns among many analysts that without more jobs, the economy will remain anemic for much of this year.

Read Full Article from Seattle Post Intelligencer

- Posted: 2011-06-07 13:43:04

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