Want A Growing Economy? Elect A Democrat

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Josh Boak: U.S. Job Openings In June Hit 13-Year-Plus High

U.S. employers in June advertised the most monthly job openings in more than 13 years. Employers posted 4.67 million jobs in June, up 2.1 percent from May’s total of 4.58 million, the Labor Department reported Tuesday. The number of advertised openings was the highest since February 2001, a positive sign that points to a strengthening economy. The report “provides further confirmation that the U.S. labor market has indeed shifted to a period of stronger growth,”

said Jeremy Schwartz, an analyst at the bank Credit Suisse. Known as the Job Openings and Labor Turnover survey or JOLTS, the report provides a detailed look at where employment might be heading. the pressure on employers to offer more generous wages could be increasing. On average, there are 2 unemployed workers for every job opening. That’s down from an average of 2.6 unemployed people per opening at the start of the year. As that ratio continues to fall, employers will likely have to boost salaries.

More here

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June job openings hit highest level in 13 years pic.twitter.com/PYWYMb2Fed

— Nick Timiraos (@NickTimiraos) August 12, 2014

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There were 2 unemployed workers in June for every job opening, the lowest level since April 2008 pic.twitter.com/9pyhynoRxc

— Nick Timiraos (@NickTimiraos) August 12, 2014

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Lucia Mutikani: Fresh Data Shows U.S. Jobs Market Tightening

The share of unemployed Americans competing for each open job hit a six-year low in June, suggesting a labor market tightening that could give way to faster wage growth. Job openings, a measure of labor demand, increased to a seasonally adjusted 4.67 million in June, the highest level since February 2001. At the same time, hiring reached its highest point since February 2008. Job growth has topped 200,000 in each of the past six months, a stretch last seen in 1997.

The unemployment rate has declined to 6.2 percent from 6.7 percent at the end of 2013. Troy Davig, the head of research at the Kansas City Federal Reserve Bank, told Reuters on Monday that rising job openings suggested earnings growth was poised to move higher. “Faster wage growth certainly seems in the pipeline,” he said. “The labor market appears to be hitting a turning point.”

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US economy en fuego right now. RT @NickTimiraos: June job openings hit highest level in 13 years pic.twitter.com/nIb6p8XVHP

— Stephen Baines (@spbaines) August 12, 2014

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U.S. job openings in June hit 13-year-plus high http://t.co/wOY4Xpdqk1 pic.twitter.com/4g9AZvleGK

— The Detroit News (@detroitnews) August 12, 2014

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U.S. job openings at more than 13-year high in June, hiring rises http://t.co/HX27jasn0S

— Reuters Top News (@Reuters) August 12, 2014

evening all

President Barack Obama says goodbye to students lining a second floor hallway at the Yeadon Regional Head Start Center in Yeadon, Pa., Nov. 8, 2011. (Official White House Photo by Pete Souza)

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ABC: President Obama holds leads over the top three Republican presidential candidates in a new national poll conducted by Latino Decisions for Univision, with the president enjoying far wider advantages among Latino voters, an area of strength that could ultimately prove crucial come next year’s election.

…. Among registered voters nationwide, Obama holds the largest lead over Perry at 10 percent, with his edge over Romney at 9 percent. Cain, meanwhile, is within 6 percent of the president.

Among registered Latino voters in the 21 most Latino-heavy states, Obama’s advantage is far greater, exceeding two-to-one margins in every case. The president is up 65 percent to 22 percent on Cain, 67 percent to 24 percent on Romney and 68 percent to 21 percent on Perry…..

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Thanks Hopefruit

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Pete Souza

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Greg Sargent: As you may have heard, Republicans on the supercommittee are privately offering Dems what they’re calling a big concession: They will agree to hundreds of billions in new revenues through an overhaul of the tax code in exchange for making the Bush tax cuts permanent.

A senior Senate Democratic aide directly familiar with the discussions tells me that as part of that tax rate overhaul, Republicans are also pushing to drop the highest end tax rate down to 28 percent.

Full post here

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ABC: Michelle Obama told high school students taking part in a mentoring program at Georgetown University on Tuesday that being married to the president can be scary at times, because he makes the family get out of its comfort zone.

The first lady urged students not to let fear guide them after a student asked about being worried about going away to college.

“I mean this is scary,” she said. “Shoot, being married to Barack Obama? He’s got big plans. He’s always pushing us beyond our comfort zones, and I’m dragged along going, ‘What’s he doing now? No, not this.'”

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Video of the First Lady’s speech here – thanks P and Lisa

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Marketwatch: Job openings at U.S. workplaces rose to 3.35 million in September – the highest level since August 2008 – from 3.13 million in August, the Labor Department reported Tuesday.

Overall job openings rose 22% from the prior year, with private openings up 23% to 2.99 million. Meanwhile, government openings rose to 366,000 from 326,000.

More here

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Happiness is ….. when the very great Steve Benen links to a photo on TOD: woot! I know, I’m sad.

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More soon