Some Companies Hiring; Competition Fierce

By: Associated Press
By: Associated Press

While the recession has claimed millions of jobs, the economy has created others, many for highly trained specialists.

Government data show there are more than two million job openings, but nearly five people competing for each opening.

That's up sharply from a ratio of less than 2-to-1 in December 2007, when the recession was just starting, and there were nearly 4 million openings.

Jobs are being added in education, health care and the federal government. The Labor Department says the government added 9,000 new jobs last month alone. Even some banks are hiring, but mainly for their technology teams.

Human resources executives say companies that are hiring are benefiting from a top-notch talent pool as applications pour in from a larger base of job seekers.

The number of unemployed Americans soared, to 12.5 million last month. That's up from 7 million when the recession began.

(Copyright 2009 by The Associated Press. All Rights Reserved.)


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