Friday, November 24, 2017
Business

U.S. employers posted more job openings in September, a likely sign of good things to come

RECOMMENDED READING


U.S. employers posted slightly more job openings in September, a likely sign that the steady job gains of recent months could continue.

The Labor Department said that job openings edged up to 5.49 million in September, a modest increase from 5.45 million openings in August, which was an eight-month low.

The data affirms recent evidence that hiring has been more tempered after setting a robust pace the prior two years. Still, the economy is generating enough jobs to reduce unemployment and boost incomes. And most economists have expected monthly job growth to slow as the number of unemployed has decreased.

Openings increased in September in construction, manufacturing and financial activities, among other sectors. But openings slipped at restaurants and in the logistics sector.

Hires dipped to 5.08 million in September, a 3.5 percent decrease. But workers seem hopeful enough about finding work that more of them are quitting.

The number of people who quit their jobs increased between August and September to nearly 3.1 million. But over the past year, the number of people quitting their job has climbed 11.7 percent.

Quitting is often an indicator that Americans are confident about the job market and their chances of finding better-paying work. This is why many economists view an increase in quits as helping to push up wages.

The figures come after Friday's jobs report, which showed that employers added 161,000 jobs in October. The unemployment rate ticked down to 4.9 percent, while average hourly earnings have climbed 2.8 percent over the past 12 months, the biggest gain in seven years.

The report released Tuesday, known as the Job Openings and Labor Turnover survey, or JOLTS, offers a fuller view of the job market than the employment numbers released Friday.

Comments
Take steps against holiday fraud with private WiFi, fraud alerts

Take steps against holiday fraud with private WiFi, fraud alerts

The holiday shopping season bring hosts of discounts and deals, but it also brings something less cheery — fraud. According to a forecast by ACI Worldwide, a payment processing company, retailers are expected to see a 30 percent jump in fraud this ye...
Updated: 1 hour ago
Fourth Street’s mom and pop motels are a dying breed

Fourth Street’s mom and pop motels are a dying breed

ST. PETERSBURG — Billboards as far north as Tennessee beckoned tourists by the thousands to St. Petersburg’s Fourth Street calling it "the longest motel street in the world" in the 1940s and ’50s. There were 95 motels between the Gandy Bridge and Cen...
Updated: 3 hours ago
Suburban-bound millennials and other 2018 housing trends to watch

Suburban-bound millennials and other 2018 housing trends to watch

What’s ahead for real estate in 2018? Zillow economists put their heads together and offered up a laundry list of forecasts and predictions. The chief one to remember? Inventory shortages of homes for sale which challenged the market in 2017 will pe...
Updated: 6 hours ago

Woman, 51, robbed in Tyrone Square Mall parking lot, police say

ST. PETERSBURG — A woman was robbed after a man followed her to her car in a mall parking lot Thursday night and fired one shot at her, police said. The 51-year-old woman, whose identity St. Petersburg Police are withholding, was not injured. She was...
Updated: 7 hours ago
Black Friday still a brick-and-mortar experience for some

Black Friday still a brick-and-mortar experience for some

TAMPA — Standing in a frantic line at Best Buy on Thanksgiving, one young woman beat the system when she showed off the receipt for her new TV, which she had just purchased on her phone. She was waiting to pick it up."I didn’t know you could do that,...
Updated: 7 hours ago
Across country, small retailers aim for emotional ties big chains may lack

Across country, small retailers aim for emotional ties big chains may lack

Associated PressSome smaller retailers will tug at shoppers’ heartstrings during the holidays, trying to create an emotional experience or connection that a big national chain might not provide.Store owners are going well beyond the usual holiday dec...
Updated: 2 hours ago
Inkwood Books among retailers banking on ‘Small Business Saturday’

Inkwood Books among retailers banking on ‘Small Business Saturday’

TAMPA — By Tuesday evening, at least 50 cardboard boxes were still stacked against the shop’s wall, each labeled clearly with a black sharpie. "Biographies" "Pets" "Fiction" "Music" While the front of the store and new children’...
Updated: 4 hours ago
As Tampa Bay economy matures, more key people bear watching. Let’s get started.

As Tampa Bay economy matures, more key people bear watching. Let’s get started.

What’s coming down the economic pike for Tampa Bay? Who’s driving this metro economy into 2018 and beyond? Change — people, issues, business focus — can be a good thing. It keeps places like geographically challenged Tampa Bay nimble with fresh blood...
Updated: 7 hours ago
Six years and counting: Allegiant Air reaches agreement with flight attendants

Six years and counting: Allegiant Air reaches agreement with flight attendants

ST. PETERSBURG — After six years of negotiations, Las Vegas-based Allegiant Air and its flight attendants union reached a tentative contract to improve worker pay and benefits and solidify airline policies."We feel like it’s an agreement that is cert...
Published: 11/22/17
Workers at luxury St. Pete condo tower say they are owed thousands

Workers at luxury St. Pete condo tower say they are owed thousands

ST. PETERSBURG — Nearly three dozen workers at ONE St. Petersburg, a luxury condo tower under construction in the heart of downtown, haven’t been paid in weeks and are owed thousands of dollars.With the holidays nearing, some of the men say they are ...
Published: 11/22/17