Cue the hallelujah chorus: The Associated Press reports that numbers released today from the Department of Labor show that employers posted 3.1 million open jobs in February, the most since the height of the financial crisis in September 2008. 

The number is still below pre-recession levels, when employers posted more than 4 million job openings, but still a great improvement from when job advertisements hit rock bottom last summer, DOL reveals. Even better, employers appear to have their pick of available talent, with an average 4.4 people competing for each available job, AP reports.

As a result of the hiring uptick, the unemployment rate is down to 8.8%, the lowest level in two years.

Are you feeling the tight fist of the job market loosening at your company? Have you found yourself writing more job announcements in recent months? Share your thoughts in the comments.

Register or login for access to this item and much more

All Employee Benefit News becomes archived within a week of it being published

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access