NORMAN — Two missing pieces of much of the nation’s economic recovery has been housing and the lack of job growth. Although Oklahoma has enjoyed relatively low unemployment, much of the nation hasn’t fared as well.
But a new report made public this week showed that U.S. employers are advertising more jobs, meaning hiring should follow. The Labor Department said job openings rose by 128,000 to 3.68 million in October. That’s higher than September and the most jobs available since June.
Slowly, the “help wanted” index is climbing back to the roughly four million openings that were advertised before the recession began in 2007.
Employers have been hesitant to hire full-time workers for fear of a fragile economy forcing them to cut the payrolls. Many have turned to temporary employees and short-term contracts.
Economists say while hiring is picking up, many of the jobs lost during the recession won’t ever come back. Companies shed employees and became more efficient and lean, even jobbing out portions of their processes to competitors who could do it cheaper.