Business

Reports suggest modest hiring

WASHINGTON — US employers advertised the most job openings in nearly five years in February, but they boosted hiring at a much slower pace. The figures suggest that companies remain too cautious about the economy to quickly fill open jobs.

The number of openings rose 8.7 percent in February from January to a seasonally adjusted 3.93 million, the Labor Department said Tuesday.

That was the most since May 2008.

Advertisement

At the same time, companies hired a seasonally adjusted 4.4 million people, just 2.8 percent more than in January.

Get Talking Points in your inbox:
An afternoon recap of the day’s most important business news, delivered weekdays.
Thank you for signing up! Sign up for more newsletters here

Employers added only 88,000 jobs in March, the government reported Friday. That was the fewest in nine months and nearly half the pace of the previous six months.

Associated Press