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<\/p>\nBy TraderVox.com
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\n\tTradervox.com (Dublin) – Job opening in the United States increased to four-year high in June, signaling a that employment in the world’s largest economy may accelerate in the third and fourth quarter of the year. The number of available job positions waiting to be filled climbed to 1.76 million from 105,000, registering the biggest number since July 2008 according to a report from Labor Department released yesterday. The rising need for employees expressed by employers indicates an improvement in company sales, which is a stable ground for increased hiring in the second half of the year. Increased hiring will result to higher consumer spending. According to a Labor Department report last week, payrolls rose in July, more than it had been forecasted while the unemployment in the country rose to five-month high.<\/p>\n
\n\tHenry Mo, who is a Senior Economist in New York at Credit Suisse, the US economy is growing steadily hence the growing labor demand in the market. He suggested that the economy will grow better when employers convert their intentions to buy into action, which will boost the economy in the second half. The US currency fell against most peers as the risk appetite grew in the market with Standard & Poor’s 500 Index rising higher for the third day straight. The index rose 0.7 percent t0 1,403.41 just before noon in New York yesterday.<\/p>\n
\n\tThe risk appetite in the market has been spurred by positive reports from Australian where the Reserve Bank of Australia held its interest rates at 3.5 percent. Further, the Swiss National Bank indicated that its foreign reserve has grown in July as policy makers took new steps to enforce the euro cap.<\/p>\n
\n\tThe Job Openings report released yesterday shed some light on how the monthly employment figures will look like this month. The report indicated that there were more openings in leisure and hospitality industry such as hotels and restaurants, but manufacturing and health services also increased steadily.<\/p>\n
\n\tDisclaimer<\/strong><\/span><\/u> Article provided by TraderVox.com<\/a><\/u><\/strong> By TraderVox.com Tradervox.com (Dublin) – Job opening in the United States increased to four-year high in June, signaling a that employment in the world’s largest economy may accelerate in the third and fourth quarter of the year. The number of available job positions waiting to be filled climbed to 1.76 million from 105,000, registering the … <\/p>\n
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