Thursday, May 12, 2011

U.S. Job Openings Rise To 3.1 Million

Some good news about the U.S. economy came with job openings for March, which were at the highest level since September of 2008. Openings for that month were 3.1 million, up from February's 3 million. Although job openings are up 16% from a year ago, with private-sector jobs up 23%, there's still more than four unemployed people per job opening.

Gold basically ignored this number, having been beaten down to the high 1500s with intermittent pokes above $1,510. It was kept down by a run in the U.S. Dollar Index, which crested at 75.0 before pulling back a little.

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