March 11 (Bloomberg) — Job openings increased less than expected in January, a sign labor market cooling from late 2013 persisted as severe winter weather hammered the eastern and Midwestern United States.
The number of positions waiting to be filled increased by 60,000 to 3.97 million, from a revised 3.91 million the prior month, the Labor Department said today in Washington. The pace of hiring fell and fewer Americans quit their jobs.
The report follows data last week showing that February payrolls beat estimates after hiring in January was depressed by the weather. Faster hiring would help spur the wage growth needed to boost consumer spending, which accounts for almost 70 percent of the economy.
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