Job Openings in U.S. Increased in January to 5.54 Million

According to the report released on Thursday from the Labor Department, the number of jobs  increased by 260,000 to 5.54 million from 5.28 million in the prior month that was less than previously estimated. The January level was the third-highest since records began in 2000.

Job openings were broad-based in January, including increases in manufacturing, construction, business services, transportation and leisure and hospitality.

There were about 1.4 unemployed people vying for every opening, compared with about 1.8 when the 18-month recession began. Which is a positive sign on the economy.

In the 12 months through January, the economy created a net 2.7 million jobs, representing 61.7 million hires and 59 million separations.

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