US Economy Rising High

US Economy Rising HighEconomy is sincerely rising higher and higher in US, an example of which is the number of job openings in the country which rose to a three year high in September and started November at an even higher rate.

Certainly, many companies in US are preparing for an improving economy as the number of positions waiting to be filled in the US is touching skies. Reports have confirmed that the job openings figures have increased by 225,000 to 3.35 million in September, the most since August 2008 month that was followed by the collapse of Lehman Brothers Holdings Inc. intensified the financial crisis.

Labor Department data has submitted a report today in Washington, which, along with the above mentioned facts, has also submitted more below.

The report read that along with advancements in hiring by 185,000 to 4.25 million, firings are nowhere behind, even it has also climbed. Moreover, it was also highlighted in the report that 80,000 workers have cited growth in their payrolls in October. Hiring has certainly cited a slow moving pace to reduce unemployment that is presently hovering at around 9%.

Commenting on which, Federal Reserve Chairman Mr. Ben S. Bernanke said that the recovery in the economy is frustratingly slow.

Some more comments came from Ms. Lindsey Piegza, an economist at FTN financial in New York: “The economy is continuing to grow with positive job creation and slight improvement in the unemployment picture. Even so, we are still far from the robust levels needed to dent the elevated level of unemployment”.

Today’s official reports have stated a rise of 2.5% in the rate of job openings. Construction has been marked as the only industry to see a drop in the rate else every market saw a rise, report highlights.