Report Shows Job Seekers Spent Less Time on the Hunt

From Reuters News Service we have learned that it took job seekers less time to get hired in the last quarter of 2006 than the previous quarter, falling to 3.7 months, according to a survey by Challenger, Gray & Christmas. Also contributing to the decline was a larger pool of available workers.

Says one job forecaster, the decline shows that employers are optimistic, buoyed by declines in gas prices, strength of the stock market, and steady consumer spending.

Yet, on average, landing a job still takes longer than during the same time a year earlier, up by more than half a month.

Reuters also noted that U.S. Labor Department's December report shows 167,000 jobs were created in December and revised its estimates for November and October to reflect more job creation than previously reported.


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